We wanted to see $MSFT pull back this week we have seen that, the 0.38 Fib level has been at $361, the price action has got as low as $363 so it remains to be seen whether or not the price will kiss the 0.38 Fib before bouncing next for Subwave 5.
The 0.38 Fib is the most commonest level to hold support for wave 4's and so far it has been behaving as a strong support line.....$MSFT has barely put a foot wrong since starting its Wave 5 at the end of Sept, it continues to be ahead of the market and continues to show enormous strength.
Our Wave 5 target is at $411, which means there is still another 13% available upside here in normal conditions.