Stock Attack II - A Complete Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Vitas who wrote (8098)	6/3/2001 11:58:29 PM
From: Bull RidaH	Read Replies (1) of 52237

Vitas, I'd say you've got a big fish on the hook. IBM began a 5 wave supercycle set in late '74/early '75, with wave 1 topping in '87 @ $43.97, wave 2 bottoming in 8/93 @ $10.16, and wave 3 topped 7/99 @ $139.19. The stock has been in a wave 4 flat corrective since. A of 4 completed into the 10/99 low, B of 4 completed into the 9/00 high, and the stock has been in C of 4 since. 1 of C completed into the 12/22/00 low, and 2 of C looks to have completed at the 5/25 high, just 3 days before you brought this to my attention (why were you so late? -g-) A wave bear delights in finding a 3 of C move to short due to the typically large magnitude of 3 of C's, and that looks to be what it's now in. I'm slappin a $55 price target on this one. How's that? -g- Regards, David

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next