Here's a daily and weekly view with counts. The weekly
looks more consolidative. The daily appears to be pausing at
resistance in a 3 up. Theses counts might not jive well with
other counts that break everything into increasingly lesser
fractals but are efficient for trading purposes. I'm hesitant
to call it a flag only because there isn't much stronger volume
prior to the pause. Hope that helps any.
MSFT
Posted by rbreese on 17th of Jul 2011 at 09:58 am
Hi I was wondering do we have a bull flag forming and if so what is the count if it breaks out to upside? TIA.
MSFT
Posted by johnc on 17th of Jul 2011 at 04:14 pm
Here's a daily and weekly view with counts. The weekly looks more consolidative. The daily appears to be pausing at resistance in a 3 up. Theses counts might not jive well with other counts that break everything into increasingly lesser fractals but are efficient for trading purposes. I'm hesitant to call it a flag only because there isn't much stronger volume prior to the pause. Hope that helps any.
MSFT
Posted by rbreese on 17th of Jul 2011 at 05:48 pm
Muchas gracias amigo.
MSFT Weekly chart...see notes on chart
Posted by Tango on 17th of Jul 2011 at 10:50 am
http://stockcharts.com/h-sc/ui?s=MSFT&p=W&yr=1&mn=1&dy=0&id=p32607960536&a=239519822