Darth - Sorry for the delay, since Friday was going to be a nothing day I went out and did some charity work.
I am a little confused re your comment about the DOW and IBM going up in the short term. The faulty historical data that was in the DOW pattern totally eliminated the short bull-run that had been hoped for.
Although the DOW's close up chart still has an error, both the short term and long term patterns still show a bear run. In fact, on the "DOW-CLE" close up chart, it is following the ghost line down quite well and it is above the Center-Line which minimizes opportunity for any bullish gains for now (comments are made ignorning the A & B errors noted in the Newsletter.)
I think the IBM chart I sent to you became more bearish for the current Lower-Bear-set before I supplied it for the Newsletter. Make sure you are looking at the latest assuming you agree with what I did. (I have been trying to submit daily updates to Inpathique's web site).
The length of the current Lower bear-set is a challenge to determine because of the lack of data points within this brief set. However, as drawn, it is dropping down towards a Last X-over. From the bottom, which I am still hoping will be $94 to $95 (see the green go signal) it will have to climb up and over the last X-over. I have shown it having a bit of a gain up to the stop sign ($100) before continuing the bear-run. Given the DOW's chart, I am doubtful that IBM will get that high. Remember, it only has to get up and over the Center-line, it does NOT have to go where I am hoping.
Your right, to nail this little bull-run up and over the Last X-over of the Lower-set is going to take constant updating of the Inpathique chart intraday. I am hoping to go from puts to calls at $94 to 95, then back to puts after the Last X-over. The timing will depend upon how the stock is moving.
Note - the long term IBM Inpathique set appears to be VERY accurate. Thus we have an excellent indicator of where IBM will have to go over the next couple of months since it MUST be above the Center-line of the Higher-set's bull-run PRIOR to the Last X-over for that set.
Re MS Excel. I do not use it myself, but I know others do and of course Inpathique provides historical data in XL format.
Greg |
