MSFT Pitchfork

Man, haven't been playing this one as smart as I should've. Been getting burned trying to short time and time again.. Pretty much have given up on all gains I have made on MSFT thus far.

Looking at this pitchfork you will see a continuous test of the middle trend line with a rejection. Lower trend levels act as supports. I still think in the real world a short is in order here, but I dont feel like we are in a normal world.

Still holding a few shorts at 200 strike expiring end of this month.. Will give them to the end of this week to decide if its time to bail or not..
Chart PatternsTrend Analysis

Related publications

Disclaimer