MSFT Microsoft UPDATED

03/25/2017 – appears we have some stalling at new all time highs.  below is a monthly w/ the fundamental frequency calculated (FFreq) showing the 64-64 area to resistance.  if we pull back from here, a logical first stop and perhaps a buy is around the old all time highs in the early 2000’s.

now, below you will see the weekly chart from 2009.  lot’s of stuff going on so I’ll break it down:

  • blue triangles shows us a POTENTIAL 3 drive to a top pattern. note the time symmetry … very nice
  • the blue arrow lines show the AB=CD
  • the dashed green lines show another AB=CD (that one goes up to 66 but it’s pretty much there)
  • note the horizontal red line – that’s the old all time high
  • on the right side of the chart, note the near perfect price symmetry

so, I can see “why” it’s stopped here.  a pullback is to be expected but if we break down below the old all time highs on say, a weekly candle, then something might also be up and a bigger move lower could be in the works.

the BIG PATTERN up in/around 72-74 is still in play, but perhaps not quite yet?

stay tuned.

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10/20/2016 – it’s hard being a musical chartist.  inherently you find yourself a contrarian (which you really aren’t) because you just see patterns and music and harmony w/ form, balance and proportion.  yes, I get it, MSFT is all the rage because it got to new time highs.  but who was ‘talking’ about it when it was about to complete an EXACT pattern based on music and geometry (see below) in/around 13-14 dollars.  nobody …also, note, the chart below showing the BUY was “real time” in that, as my faithful readers know, I try really hard to not “should have” or “would have” or “could have” on the chart ….

so, w/ the monster gap up to new highs that opens up the 72-74 area for the next pattern.

page_16-10-20_19-56-22

note the strength in MSFT .. .618 from Monthly charts (projections) usually cause more resistance.

enjoy.

Bart



Here is the BUY on MSFT – some amazing harmony, form, proportion and balance.  Just take one second and look at that chart … no idea what is going on w/ their fundamentals and, it was quite the “crazy” time for it to find support during the 2009 thump.  But … a PATTERN is  a PATTERN is a PATTERN. so, here’s the BUY on MSFT issued in March 2009.

BUY on MSFT in March 2009

BUY on MSFT in March 2009

so, where are we now?

we are approaching the .618 from the all time high on decreasing volume and an overall market that “should” be correcting.  Time to take some off and get ready for the next wave …in my humble opinion.  (note – 50-52 is still a target.)

MSFT approaching resistance zones - watch closely or take some off the table

MSFT approaching resistance zones – watch closely or take some off the table

 

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