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Technology Stocks : IBM
IBM 304.38+0.2%Dec 24 12:59 PM EST
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To: DAN KACKLEY who wrote (2135)1/18/1998 7:42:00 PM
From: Chris  Read Replies (1) of 8219
 
dan.

got a 21,50 ma bearish crossover couple days ago..

i expect mkt to head down next week... i doubt 50 day ma's for the indexes will be broken..

ibm will go down to retest 100 support... it must hold or else 90's levels will be seen..

i expect ibm to test 105-107 (max) on this current rally, and the rally will fail if mkt does not move higher..
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