MSFT has gone flaccid — deservedly so, given September’s steep run-up. I haven’t given up on the 449.52 bull market target featured here for the last six weeks, but I am currently favoring a more ambitious one at 464.76 that provides extra room for a bull that has seemed all but unstoppable since 2009. Both are derived from the reverse pattern shown, and each should evince sufficient stopping power to be shortable. We are unlikely to be gifted with a pullback to the green line for a ‘mechanical’ entry. However, a somewhat less appealing opportunity would materialize on a correction down to p=425.17. A bid there would require a stop-loss at 411.97.
MSFT – Microsoft (Last:428.02)
