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Against Prevailing Wisdom

Please click here for an enlarged chart of Microsoft Corp (NASDAQ:MSFT).

Note the following:

This article is about the big picture, not an individual stock. The chart of MSFT stock is being used to illustrate the point. The chart shows that after touching the low band of the support zone, MSFT stock has moved up in a straight line. The chart shows the move up in the early trade on three announcements: Microsoft is announcing a new $60B stock buyback program. This matches the largest...