Short Term Trading Member Forum

[techcharter]

MSFT wave count

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Long term:
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Bear market wave 1: all of year 2000.

"Bull" market rally:
Wave A: first 6 months of 2001
Wave B: mid 2001 to mid 2002
Wave C: mid 2002 to mid 2004:

Notice the wave time progressing in the "Bull" market rally: .5 yr, 1 yr, 2 yr. This is purely parabolic. y = x^2

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=msft&time=&freq=

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Short term:
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"Bull" Wave C mid 2002 to mid 2004:
ending diagonal, or complex WYZ. Since Wave Z or wave e of C has not moved above Wave Y or wave c of C, there may be some near term upside. If the pattern is complete, then it is a truncation and prices should move lower very quickly.

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=msft&time=&freq=

Sorry, Mr. Gates.