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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (127045)	12/13/2005 11:53:45 PM
From: skinowski	Read Replies (1) of 209892

IBM - Last September the stock overlapped with the minor highs of May and June, making the advance since April, basically, into a three-waver. Ever since, the rally was suspect, imo. It looked like an ABC-X-?, where the "?" eventually played out as yet another ABC. Sometimes such choppy structures just keep cranking along... IBM might drift higher from here. But, agree, the odds are not attractive.

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