IBM Message Board - Msg: 3144529

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Technology Stocks : IBM

IBM 305.09

+0.2%

Dec 26 9:30 AM EST

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To: Bill Martin who wrote (2106)	1/11/1998 8:32:00 PM
From: DAN KACKLEY	Read Replies (1) of 8219

Bill-Re the wedge and q1/q2 I started the wedge back in april/may, I agree if you start in aug you get a channel (but this channel is still on a downward slope!)also look how fast we came back to the main channel after breaking 105! Also look at the monthly chart at how far extended above the long term moving average Q1 and Q2 in 96 was all down hill with the yearly low set in june! The first two month of 97 set the yearly low in feburary I believe we are heading to set the yearly low in 98, maybe 2months, maybe 6 months, the yearly high if not already set, will be set later in the year Look at the yearly bar charts, a logical bottom for this year could easily be 80-85 FWIW Dan

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