Microsoft Continues Long March Down...

MSFT $29.37, -0.47%

No surprises today as Microsoft (MSFT) continues the long march down. This is the fifth day down for the bellwether stock despite efforts put into to train and teach users on the pros of windows vista and how it can work in tandem with the rest of Microsoft's products for the benefit of small businesses.

Short term MACD continues to show downside momentum as volume continues to decline with no indications that the drop is coming to an end yet. ADX has also started to indicate the beginning of a developing bear trend. Short term MACD is now at the -0.20 level. This is a level where most short term trends start to lose momentum and where MACD starts to reverse upwards. However, it must be noted that stocks do continue to fall even when MACD reverses upwards abeit in a much slower fashion. A recent example on MSFT was the MACD reversal on 4 May 2006. It is still a long way down to the 200 days MA and my sentiments remain bearish until proven otherwise.




MSFT Technical Analysis Chart By Worden Brother's TC2007!




Everything You Need To Know About Option Trading With A Fun Twist!


.