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!
Comments
motleifaul
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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.
Nevertheless we might look for a chance to short it.