Microsoft has been screwing the pooch for nearly five weeks, but Friday’s close made the hourly chart look a little more menacing. There was a very slight, gratuitous breach of a mid-December low that had marked the bottom of MSFT’s tedious range, and we might have expected the snap-back rally to have achieved more loft with fewer bulls on board to weigh it down. If they don’t come galloping back in soon, though, look for more sinkage to at least 460.58, the pattern’s seoncdary Hidden Pivot. Worst case for the next 10-12 days is 448.77, the ‘D’ target.
MSFT – Microsoft (Last:473.22)
