This morning’s shocking news from Microsoft has been utterly neutralized.
Even so, let’s stay in fantasy-land a bit longer and imagine that Microsoft is still in a major topping pattern. If that’s the case, what’s the best-case scenario for a bearish target? Well, folks, I’ve run the math for you, and here ya go……….I realize this seems impossible, but this is the measured move:
It’s obviously going to take some discipline on the Fed’s part (something they do not have in abundance) to step aside and actually let the market do its job, but as you can see from this longer-term chart, there is absolutely room for MSFT to move lower if it is permitted to do so.