Month: June 2012

IBEX Madrid’s exchange, update

Hamilton

IBEX june 2012

There are a multitude of “problems” with this particular count. To mention but one, wave 1 of 1 seems to be non-existent. In any event this count overall is not unreasonable. If correct one more low should be made down the road. This is also what we suggested about a month ago repeated below;

IBEX Apr 2012

We have managed to get to about 6000 so far, but not the “ideal” level of about 5500 or lower. On the other hand, the drop from 16000 to 6000 is a nice Fibo 60%. If one inserts a wedge (diagonal) for all of wave C, 6000 could be it.

STD update

Hamilton

std june 2012

You may, or you may not own this stock. It had not yet reached the ideal target of $4, nor the suggested entry point of $4.50, but the big picture was clear enough. Two counts are possible here, the black and the green. The one in black suggests the entire move is done which would imply that this relief rally has legs. If the green count is operative there should be one more dip that might actually get to the ideal $4 target. In the big picture this remains a hold for higher levels. (see previous blog).

MSFT, Microsoft update

Hamilton

msft june 2012 bmsft june 2012

Microsoft is like the brother/sister to Intel. Microsoft makes the software and Intel the hardware, both companies have been able to operate as virtual monopolies and have been able to extract profit margins of 40+% for years. Both are vulnerable to changes. The charts are very similar. In the case of Microsoft the triangle (wave 4 of c of B) is very, very distinct, it even has the additional four legs f,g,h and i. For that reason the stock should fall back to $22. If the large B-wave is correct, $10 is not out of reach. (see previous blog). All charts enlarge with a click and can be moved, for instance if you wish to compare MSFT with INTC