MS, Morgan Stanley

ms june 2012

See previous blogs. For reasons mentioned before we think this is a stock to own for the longer term, but that does not mean that one should not try to get it at the lowest possible price. The EW count would suggest that we are most likely about to go into a minor wave 4 and after that we should have a 5th. This would take the stock to just under $10. A similar level is obtained by using the “gap-in-the-middle” approach. Time will tell.