MSFT – Microsoft (Last:511.12)

Microsoft could go either way, but we should be able to gauge its mood by paying close attention to the two levels shown in the chart. If the stock moves higher, it would trigger a minor buy signal at 506.6, which could be a good opportunity for a ride to 519.75, or even to 547.12 if the trend catches fire. Alternatively, a decisive breach of the midpoint Hidden Pivot support at 493.67 would signal an imminent fall to at least 462.78, or possibly even 431.89 if any lower.  ______ UPDATE (Sep 12, 2:20 p.m. EDT): The stock finally got off the fence today with a cattle-prod assist from its clever handlers.  It popped above 506.06, tripping a buy signal to at least 519.75, but possibly as high as 547.12. This is equivalent to Punxsutawney Phil failing to see his shadow, since it will extend Springtime on Wall Street (cue up the Mel Brooks number) for yet another few weeks, or perhaps months. Please note, however, that the rally would fall a tad shy of the old high.  For those of you who are keeping track, DaBoyz effortlessly added about $88.6 billion of fraudulent ‘wealth effect’ to the global ledger with this morning’s gap-up, short-squeeze opening.