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Wednesday, January 11, 2006
Here is a daily chart of Microsoft.
I think MSFT is about to break out of its 5 year trading range between 20 and 30 and the move will carry at least to the 42 level which is 2 and 1/8 times the 2000 low at 20.12. Over the short run MSFT has held support at 26.20 and is now headed for 30.20.