AndyM
Short

MSFT wave structure analysis helps understand SPX decline better

NASDAQ:MSFT   MICROSOFT CORP
285 2 8
Hi All,

I'm a big fan of MSFT             stock as its wave structure reflects the essence of the whole economy. The wave structure of the advance looks very complete and it does look like a very shy-at-first decline is slowly making its way. SPX             is doing the same, and its MSFT             that gives me the most confidence that SPX             is reversing too.

At some point the question will rise when to exit a short position in SPX             , and I will look into MSFT             for clues. I will need to see a good impulsive decline down into the price territory of wave 4 of the prior degree. Wave 4 ended at 40, so I would easily expect SPX             and MSFT             to lose up to 15-20% of their value in the coming decline. Be prepared.
Nice post... wouldn't have spotted this trade without it.
The trend sure is weakening.


March 18 PUTS look cheap now (After march 03 earnings)
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AndyM PRO LastBattle
bought some Dec-31st 50s. Just for fun ))
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