Now watching the big pivot zone from last week for clues. Another trip below 200 day MA on IBM would likely not be good for bulls. Back above 210 now, and IBM could break out of base upside.
IBM
Started by
K Wave
, May 23 2013 07:45 AM
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#1
K Wave
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Posted 23 May 2013 - 07:45 AM
Big Blue turned tail at the important 210 level, after continuing to lag the SP/DOW since the Ides of March...
Now watching the big pivot zone from last week for clues. Another trip below 200 day MA on IBM would likely not be good for bulls. Back above 210 now, and IBM could break out of base upside.
Now watching the big pivot zone from last week for clues. Another trip below 200 day MA on IBM would likely not be good for bulls. Back above 210 now, and IBM could break out of base upside.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
