Saturday, February 09, 2008

MSFT Update for 02.09.2008

MICROSOFT - MSFT

Monthly chart shows increased selling pressure. The stock has lost 50% of its value in less than four months. No buy signal/pattern evident on this timeframe.

Weekly chart shows the increased selling pressure the last two weeks. No buy signal/pattern evident on this timeframe.

Daily chart shows that the bearish pattern identified off the Monthly chart back in the first week of January is playing out. The puts options play is well in the money and very profitable. No buy pattern/signal evident on this timeframe. Look for continued weakness and lower still over the coming weeks/months.

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