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Strategies & Market Trends : Ask DrBob

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To: stan_hughes who wrote (58812)	5/6/2002 4:36:17 PM
From: Louis V. Lambrecht	Read Replies (1) of 100058

stan - waddaya do with IBM below Q4 1998!!! support. Out of a 3 yrs old horiz channel measured -44 from exit at 82? Ouch. Never thot it possible. Altho, if the Fed is abandonning the strong US Dollar policy .... prices of 1995 are possible. But as markets were on the verge of dropping then we could shoot through history. Yeesh! See some support in the 50ies (47-56), then 21 then 10. Speak of disinflating the money supply!

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