DuncanParker

They Call Him "Big Softie"

BATS:MSFT   Microsoft Corp.
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Looking for the potential of near term weakness in Microsoft via a wonky little Head & Shoulder's Top formation. Probably the bigger idea here is that any sort of major decline in excess of 20% (in the Indices) is probably a bit farther off in the future. A retest of the support trend line indicates to me a decline of up to 20% is possible in the major indices near term. Many times this year we've seen bearish formations turn bullish , so just something to keep an eye on for now. Good luck out there!
Kleinweich is difficult to be traded due to the big jumps. But I agree to your bearish outlook. I only have some doubt concerning te Head-and-Shoulder: Usually they should appear at the end of a trend. In your case it would be a continuation pattern.
Nevertheless we might look for a chance to short it.
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