March 3, 2012

  • MSFT Weekly chart shows price and month closing above resistance line.
  • Month chart also shows stiff resistance at the current levels. But month char has managed to close above the resistance line which might help the bulls to continue the up move towards 37.50 levels.

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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore