A lot of congestion between $29 and $30 on MSFT, if it takes out $30, then it could have a good run, i doubt the run will be enough to get above $35/6 however, still good considering other generals like INTC could do well as well. My problem is the recent deterioration (relative deterioration) of the BTK, I still expect it to redress itself(and thus m heavy positions in AMGN and BIIB), but if AMGN breaches the January 2003 lows, look out below, it may lead the BTK down sharply, I still expect that level to hold, there simply was no major deterioration in OBV with the recent retrench, and the RSI has reached levels from which bounces should be expected. BGIIB's pattern is still quite bullish, so who knows which way this thing will go.
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