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Strategies & Market Trends : Classic TA Workplace

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To: velociraptor_ who wrote (34395)3/18/2002 3:28:46 PM
From: patron_anejo_por_favor  Read Replies (1) of 209892
 
Just joking, Velo...IBM is a good short, both technically and fundamentally, IMO. Got a 50-200 MA crossover, rejection at resistence, and a horribly underfunded pension situation.

stockcharts.com[h,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

EDIT: OTOH, the bullish argument (I suppose) is that it's forming a nice inverse H&S with a neckline at 109-ish, but if one used a tight stop on the short that would not be a terribly worrisome situation.
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