IBM Message Board - Msg: 4771747

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Technology Stocks : IBM

IBM 307.94

0.0%

Dec 5 9:30 AM EST

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To: Chris who wrote (3230)	6/8/1998 2:49:00 PM
From: Ben Antanaitis	Read Replies (1) of 8218

Chris, You're welcome, you do some heavy lifting also... ;-)) Call me a chartist, if you must, but looking at the IBM EZ-PnF chart: I see the overall bullish trading channel that IBM has been in since back in '94. IBM is the lower 1/4 of the channel, there's lot's of upside potential. It just ran up to almost the midpoint of the channel in 2 1/2 months. It took from last August to March to wind up enough to energy to make that run. That run was what created the vertical count price objective of $180. July has been an up month for IBM stock price in every one of the past four years. So it looks to me that either a batch of good news and/or a good earnings report may be the spark you're looking for.. Ben A. ez-pnf.com

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