Although the trend has been bearish since the stock at peaked at 555.45 in July, bears have struggled lately to achieve the implied correction target at 444.95.  Most immediately, I expect the stock to run up to the 496.09 target of a minor pattern, If it takes out the pattern’s ‘C’ low at 482.09 (12/19) first, however, I’d consider the possibility that stocks are in a bear market more seriously. Because of its solid revenue stream and its pre-eminence in the lunatic sector (aka the Magnificent Seven), Microsoft remains my #1 bellwether for the 16-year-old bull market.