Continue to use the 435.90 target given here last week as a minimum upside objective and an optimal place to get short. A rally to that ‘reverse’ Hidden Pivot resistance would not affect the textbook perfection of a head-and-shoulders pattern that has been under construction since January. The pattern seems almost too pretty to work, but even if it doesn’t, I still expect 435.90 to provide an excellent opportunity to make money betting the ‘don’t’ line. Use put options at the 432 strike with three to ten days left on them. Be sure to check the chat room and your email ‘Notifications’ for updated guidance, however, since it might be necessary to modify the trade to obtain the best possible odds. ________ UPDATE (Dec 5, 1:10 p.m. EST): MSFT gapped through the 435.90 pivot on an opening-bar short-squeeze, but I still doubt it’s going much higher. There are two places you can look for a downturn, both of them voodoo numbers: 440.18 and 455.10. If the stock reaches the higher, it will trash the still-perfect head-and-shoulders pattern, but without negating the possibility of a major top forming well shy of the all-time high at 468.36 recorded in early July.
MSFT – Microsoft (Last:437.33)
