Microsoft’s deftly engineered short squeeze minutes before the opening bell on Friday slightly exceeded the 516.95 target we’d been using to stay confidently on the right side of a heavily overextended trend. The top was fleeting, volumeless and not just a little sleazy, creating a possible top that could endure for a while. Let’s use the green line (x=483.95) as a minimum downside target for now. If it is touched, that would imply more downside to at least p=453.26 (the red line, a midpoint Hidden Pivot support).