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Strategies & Market Trends : Classic TA Workplace

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From: critical_mass7/22/2005 9:19:53 AM
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Microsoft - MSFT.

Does anyone have an interpretation on the wave count here?

stockcharts.com

In particular, is the move from $24.50 starting at the beginning of July a "C" wave or a "3" ?

13 dma crossed the 50 dma two sessions ago. 50 dma could cross the 200 dma in the next 2-3 sessions. OBV is on the upswing.

It looks bullish to me. Interested to see how it opens today.
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