Microsoft - Rally to the 64.05 - 64.75 area before a 38% correction to 39.72

Microsoft - Rally to the 64.05 - 64.75 area before a 38% correction to 39.72

Microsoft - Rally to the 64.05 - 64.75 area before a 38% correction to 39.72 

This is not a stock, I normally track, but the rally of the March 2009 low at 14.87 is a picture perfect five wave rally (not yet complete, thus). 

Microsoft has seen a nice rally of the March 2009 low at 14.87. The rally is clearly in five waves and after a five wave rally a larger correction of the entire five wave rally should be expected. 
 
Wave 5 is not yet complete and should cover more upside towards the 64.05 - 64.75 area before topping out and turn lower as the five wave rally is being corrected. 
 
Why am I looking for a top in the 64.05 - 64.75 area you might ask? Well at 64.05 wave 5 will be 38.2% the length of the entire rally from the low of wave 1 at 14.87 to the top of wave 3 at 56.85 added to the bottom of wave 4 at 48.04. 
 
However, at 64.75 wave 5 will be equal in length to wave 1, which is a very common target for wave 5. So with a target-cluster in this area, that is what I will look for before wave 5 is complete and a 38% correction is expected. 

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JT
2014-06-23
Its been a pleasure over the years I have been following you and even better as a member the education you provide in my view is invaluable you can read books as I have but to see how you evolve your ...
Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane
Felipe
2014-05-26
Hi,

I recently tried a 30 day membership and I am very happy with the service. Pls keep up the great work!!! I will continue renewing!!

Felipe