"extrapolate the hell out of MSFT"
Not really. I've seen many MSFT runs, most have been good for 30 to 40 point spurts. This stock can run before anyone not in has time to buy, thus buy breakouts along with swing trading. No one can actually call the exact length of a run & targets are used to express sentiment, bullish for now, rather than to land on the actual number. When it breaks out of a trading range, buy first and ask questions later. If it stalls & can't get through next resistance sell. If it's going to run, it will do so now because of momentum. One thing for sure, MSFT will never make another run & leave the Frog behind.
<As for the 120 in July> Interest rate cuts, earnings upped for the rest of this year, new products, summer rally, etc. It has no where to go but up. Just like news was bad when it was going down, at this time news is good & technically long signals is all I'm getting, when it was going down short signals were going off. One might mistake my recent posts as "Cheerleading", but just as I shorted & played bounces all the way down, now it is time to play for the run up. I'm a trend player & the trend is up. About the only thing that can keep msft from going up is market conditions, the market will be the market, and the DOJ, at the same time, if they settle, fuel will be added to the rally.
<retracement> rally will remain intact as long as higher lows hold up. Expect 50% shakes. Say it goes up 10 points & shakes 5 points, no problem unless it shakes past 5 points. Frog |
