lowtrade

[lowtrade]

Mister softy may go soft again. MFST

After Friday night homework, I would like to mention something about my position trade this year. MSFT. Got my reverse heads and shoulders / divvy 10%+/- Q1, said stay out Q2, will retrace to lower channel trend line around 38 and did. Re-entered Q3 for ascending triangle target / divvy and just closed that as planned for another 6%+/- @ dividend record date. Higher the price, lower the gain.
http://www.finviz.com/quote.ashx?t=MSFT


Here's the heads up !

I feel MSFT is on it's last move higher soon. Not a 3 month position trade, but few week swing trade. Before it tops out on a several year bump & run pattern by end of year. Probably Nov. with S&P.

Right now it has a "V" bottom, just like the S&P. And has been tracking the S&P very well for 9 months. I expect the S&P will wash back to 1985 and continue up to Nov. At 2060 target. I also feel MSFT will continue to trace the S&P, it's had it's throwback and is about to start it's climb. Looking at 5%+/- breaking top trend line before reversal to bottom bump & run line back to the 30ies.

So IMO if you've been interested in Microsoft's climb out of the 20ies. This may be your last chance for a gain for a while.

Bump & Run Reversal chart; Note: Monthly volume has been falling since 2013 run phase.


This years position trades


Next play "V" bottom