Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 684.83

+0.6%

Dec 22 4:00 PM EST

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To: Dr. Stoxx who started this subject	9/12/2003 5:57:02 PM
From: Dr. Stoxx	Read Replies (1) of 39683

To:Dr. Stoxx who wrote (25059) From: lee kramer Friday, Sep 12, 2003 4:56 AM View Replies (3) \| Respond to of 25064 I eschew contests and prizes. But I will offer an IBM analysis. The weekly IBM crart provides the best picture; IBM bottomed in October 2002. It ran up hard for two months.From roughly Nov. 2002 to Sept, 2003 IBM has been in a consolidation pattern from approximately 71 to the current 88-90. I suggest not to anticipate the next move. If it breaks up buy it; if if breaks down thru 71, short it. Another thought; buy put or call options, in or very near in-the-money.

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