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Strategies & Market Trends : Charts & Scans -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (1477)	4/7/2002 1:08:24 PM
From: Jeff Jordan	Respond to of 5125

I just came across some other views on MSFT trying to figure out what there charts are showing? However, it their count is correct wave "C" should be higher? dynamictraders.com dynamictraders.com accompanying comments: Microsoft appears to be near a position for a long trade for a probable rally to above the Jan. high. Today, April 3, Microsoft closed in the Minimum W.c:2 price zone, The first chart below is the weekly chart and shows the big picture. If the Sept. low is the W.B low, the minimum W.C price target is 80-83. The next Chart is the Daily Chart from the Sept. W.B low. The chart above shows the DT price projections with both the minimum and maximum price targets for W.c:2, 56.67-55.01 and 52.44-51.53 respectively. A close above 65.00, the W.b:2 high, signals W.c:2 is complete. As long as MSFT has not closed below the extreme W.c:2 target at 51.53, long positions should be considered on reversal signals. The probable W.C target at 83.40-89.86 is also shown. It is slightly higher than the 80-83 probable W.C target zone shown on the weekly chart. If we combine the projections from both charts, the broad range for the W.C target is the 80-90 zone. We should be able to narrow that zone with projections from the minor cycles if MSFT advances as anticipated. Their weekly view of VRTS..another stock I keep an eye on ocassionally.....I think my methods work better? dynamictraders.com dynamictraders.com