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. 
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
Duane
2014-05-27
Hi EWS,

Just wanted to send a word of thanks for all of the hard work that you
do, and to show you that I personally have paid for my subscription many
times over with the fantastic work that you...
Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...