[MSFT] at major decision point

The fat lady hasn't sung until MSFT puts in 5 down and some time this week it is going to tell us with good certainty whether or not it is going to do that. 

While the bounce off the lower rail appears to be 5 waves up when looking at it from the 240 minute chart, if you zoom into the 15 minute chart you begin to see spikes that could easily turn this into a 5-3-5 retracement.  Since the peak on the 24th it has moved down 3 waves and so it will either extend that downward action into 5 waves down or it will move up above $43.60 and give the bullish case much better odds.

This is important because Microsoft is not going to collapse in a vacuum.