I’ve restored MSFT to the list because it could prove to be analytically useful. No bear market is possible as long as this stock is at least holding its own. It triggered a plain-jane ‘mechanical’ buy when it fell to the green line last month (x=407.04) after having failed to achieve a bull-market target at D=593.79 by a country mile. The implication is that you are likely to make money buying the stock here with a stop-loss just beneath the point C low at 345.79. I cannot guarantee that the implied rally will reach D, but it is a better bet to deliver a one-level move to p than to slip beneath C first.
$MSFT – Microsoft (Last:395.55)
