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Non-Tech : Raptor's Den

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To: velociraptor_ who started this subject	7/29/2002 11:20:28 AM
From: velociraptor_	Read Replies (2) of 10157

MSFT chart... raptorgroupresearch.com The link shows a chart of MSFT on the hourly. Note that Stochastics and MACD are both converging to overbought which should give a sell signal soon. The chart itself is clearly corrective as the initial move off the low is only 3 waves. The llikely pattern is a 3-3-5 a-b-c flat and we are currently in the C wave which looks like it will be a 5 wave a-b-c-d-e ending diagonal or rising wedge as shown in the chart. The 'd' wave is likely in progress with one more small push up for 'e' later. note that the top of the apex for the rising wedge converges nicely with the purple channel which shows that A should roughly equal C in the entire corrective pattern. The convergence point is near 48 1/2 which is major resistance. Finally, note that volume has a clear declining pattern over the while move off the low which corresponds to a corrective pattern.

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