Headline news from the Middle East loosened DaBoyz’ deadly grip on shorts as the week ended, but it did not disturb my expectation of a potentially juicy short at exactly 486.17. That Hidden Pivot target was first signaled five weeks ago, and it has kept us from turning too bearish on the stock market despite an apparent dearth of buying interest in the broad averages. I cannot say exactly when MSFT will hit the target, but when it gets within a few pennies of it we should be ready to jump on some options, either naked shorting soon-to-expire calls or buying some cheapie, expiring puts. Stay tuned to the chat room for timely guidance. Also keep in mind that a major top in this stock will end the bull market begun in 2009, and that this could be it.
MSFT – Microsoft (Last:474.96)
