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$MS 200MA Monthly Support

NYSE:MS   MORGAN STANLEY
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$MS 200MA Monthly Support
"Morgan Stanley" --- 1-17-2019
One of several "Elliott Wave" counts to think about. The most "Bearish" my opioion.
September, 2000 high at $93.50 to the October, 2008 low at $6.71 = A-B-C correction. (Wave "A" low)
From the October, 2008 low at $6.71 to the March, 2018 high at $59.38 = Completed "B" Wave Triangle. (Wave "B" high)
Large "C" Wave down started at the March, 2018 high at $59.38
This "C" Wave decline should bottom below $6.71
For information only.

Remember this is only one "Elliott Wave" count to think about.
"One Eye Jim"
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