An unorthodox target I’d drawn near 380 failed to contain the selling, so I’ve switched to a conventional pattern that projects significantly lower, to 339.27.  My expectations are bullish for the market as a whole when stocks start to trade on Sunday, and I don’t expect MSFT to go its own way. However, the stock’s decisive breach of the midpoint support (p=402.80) suggests it is likely to eventually reach the target. The implication is that MSFT and the broad average could head higher over the next few days, but the rally won’t get very far. We can adjust our expectations as more evidence becomes available.