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CGTS DAILY FOR THURSDAY 12 AUGUST 2009: BUY MSFT? NOT WITH MOMENTUM DETERIORATION.

|Includes: Microsoft Corporation (MSFT)

CLARK'S GATE TRADING SYSTEM
Daily Trade: for Thursday 12 August 2009
Short-Term Trading Emphasis.
CGTS  Daily Trading is dedicated to short-term gains and accuracy of trading.  CGTS Weekly Trading is dedicated to longer-term trading and investing with (we hope) similar accuracy.

BUY MSFT @ 23.53.  M5 10 trading system.  We don't like this chart at all, since the momentum (see bottom pane of chart) is deteriorating so much.  It looks like Microsoft is making a top here.  We aren't following this signal because of the momentum picture.

MSFT










More information on this system can be found at

www.home.mindspring.com/~mclark7/CGTS09.htm


Those interested in reading a draft of 'Turn Out the Lights', my description of the metaphysical causes of the financial collapse, can find it at:

www.hoalantrangallery.com/Turnoutlights.htm


 

Michael J. Clark
Clark's Gate Timing System
Hanoi, Vietnam
84 4 221 92210

The author owns none of the issues mentioned in this letter.