MSFT May Be Near Its Bear-Market Bottom

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MSFT May Be Near Its Bear-Market BottomMicrosoft CorporationBATS:MSFTJordanBelfort8MSFT is getting close to what I believe could be its bear-market bottom, and my model points to a move toward the $740 area over the next two years. As shown in the chart, MSFT appears to be forming a five-wave structure inside a rising parallel channel. If Wave D finds support around $346 as I expect, then Wave E could complete over roughly the next two years. My current read: the bottom may arrive around October this year near $346 - 338. A weekly close below $305 would invalidate this model. MSFT