Saturday, August 10, 2013

MSFT declining double top might have just formed....

Not trying to spook anyone but IMO MSFT just finished an ending diagonal which has now resulted in a declining double top.  It then broke back into the channel of the diagonal (confirmation #1).  Confirmation #2 would be to break below the lower channel line.  With Windows 8 such a Vista-like flop it would not surprise me to see investors lose confidence in Microsoft.  I don't hope to see it but I think we will anyway.  And if the chart falls below the lower support line of the diagonal, I will be 90+ percent sure that a big crash is coming to the shares.
 

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