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  Pivotal Time For Microsoft?
Time: 17:42 EST/22:42 GMT | News Source: Forbes.com | Posted By: Todd Richardson

Curtis Hesler, the editor of theProfessional Timing Service Newsletter, has developed a technical timing model he calls "Hyperion." It is based on weekly price data and locates reversals, also knows as pivots points, to trade on. Right now, Hesler recommends shorting software giant Microsoft . "If you look at the weekly chart, you can see that $70 has been a pivot point for the past two years," he says. "It has turned three times at $70 [denoted by arrows] and has just done it again." Right now Microsoft is trading around $60, but Hesler is advising his subscribers to wait for a little bounce up to $62.25 before shorting with a stop at $70.70. But according to the Hyperion model, once the short is covered, the position should switch to long because the stock has violated the pivot point. So if Microsoft does go back up to $70, it's time to buy. Hesler thinks the software firm's stock will drop to $40, where it found support in late 2000.

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