Idea Of The Day Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Art C. who wrote (14874)	11/20/1997 2:23:00 PM
From: Greg R	Read Replies (1) of 50167

Art - I've looked at my Inpathique charts for both IBM and the DOW as a second test of reasonableness since they should agree somewhat. In a perfect world, I would expect IBM to hit a low on Dec 15 at the $90 intersection of bear and bull Ghost lines,a couple of Trans-set lines and most significantly the decade long bull-set's center-line. However, IBM may be wish washy and not bottom out until the end of December around $93. Personally, I have January puts just to be on the safe side. The DOW takes a bath on Friday PM or Monday (lately however I have been out by 48 hours a few too many times), then has a little spike up Dec 1, settles back and then has a best price on Dec 5. From there it bottoms out on Dec 15. Has a fast climb up then bottoms again end of December before continuing the final leg of its last bull run. Both of these charts appear to be supporting each other time wise as to when the lows are. Both the DOW and the IBM charts are updated on Inpathique's web site for clients each day. By watching day by day, we will see if actual events require modification of these longer term expectations. Good luck. I hope this is the feedback you were looking for. Greg

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next