IBM Message Board - Msg: 3024532

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Technology Stocks : IBM

IBM 307.94

0.0%

3:59 PM EST

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To: art slott who wrote (2024)	12/22/1997 3:50:00 PM
From: DAN KACKLEY	Read Replies (1) of 8218

Art If the experts say buy, it's time to sell!! I primarily use technical analysis and to me things don't look good for the short term I agree later in 1998 we probabally will break 114 again Look at the bar charts both weekly, monthly and yearly, it's scary Right now on a monthly bar chart the moving average is about $67 and current price is about $102 We are extremely extended off the moving average and almost always come back to it Good luck to you bunch of bulls! Dan

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