iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Dinosaurs Coming Back to Life?

Here is another look at the monthly chart of Microsoft, which I presented late last year. Note the breakout and perfect retrace, or throwback, to the resistance trendline. If this breakout has legs, I expect bulls to arrive impressively in the next week or two.

It should be obvious that Microsoft is past its fast-paced growth cycle in the 1980’s and 1990’s. However, we are going on twelve-plus years of sideways consolidation now. I do not expect all-time highs anytime soon. However, a run into the $30’s is attainable if this throwback holds true.

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11 comments

  1. JakeGint

    I think I know that place. Is that off I-65, near Bowling Green?

    ______

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  2. Dinosaur Trader

    Not happy with you using “dinosaur” as a pejorative, here.

    -DT

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  3. Bozo on a bus

    Interesting seeing your take on MSFT from a technical viewpoint. I agree it’s worth a look. Very bearish sentiment on MSFT: many think it’s dead money basically forever. And it’s on Eddy Elfenbein’s buy list for 2013 – http://www.crossingwallstreet.com/buylist. It wouldn’t be there if the fundamentals weren’t good.

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  4. The Fly

    classic

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  5. TM

    Thanks Chess. Are you a buyer ?

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  6. Cascadian

    Microsoft blows and this is the reason~
    http://www.youtube.com/watch?v=wvsboPUjrGc

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