MSFT’s double top is so obvious that we should be cautious about believing the party is over. My read is that the dirtballs who manipulate the stock for a living had no alternatives. Although they short-squeezed earnings news for all it was worth, they lacked the wattage and the daring to push above July’s 555 peak. The subsequent relapse was so nasty that it will require some time to build a base capable of supporting a push to new record highs. So many bulls got sandbagged by last week’s Whoopee Cushion ride that the retracement will probably take out the 492.37 low recorded early in September. Since the stock market and Microsoft will continue to stay roughly in synch, the foregoing implies that the bull market is due for a significant and possibly protracted correction.  I have no interesting Hidden Pivot targets at the moment, but that shouldn’t preclude our trading this feisty little monster between feints.