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Microsoft Should Continue Lower


Monday February 5th, 2007
Microsoft Should Continue Lower
by Mike Paulenoff www.MPTrader.com
If GOOG's chart is not enough to send shivers down the spines of NDX investors, the chart of Microsoft (Nasdaq: MSFT) could give them the flu. This morning's gap down smashed below the July-Jan up trendline, and the 50-day moving average -- and is trading at the low of the day! Needless to say, the MSFT weakness has inflicted some serious damage to the near-term technical condition. The price structure should continue lower towards the 28-27.50 area next.
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