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Technology Stocks : IBM
IBM 309.25-0.5%3:59 PM EST
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To: Greg R who wrote (3727)8/26/1998 11:51:00 AM
From: Greg R  Read Replies (2) of 8218
 
All - I sold the long position prematurely at $129.50 today. IBM has been being too negative on this run up its INPATHIQUE pattern. It looks like it is looking to drop at the first instance permitted by INPATHIQUE Analysis which is sometime between this afternoon at around $130 and tomorrow at $129.50 as being the peaks. Too often however I have errors in my drawings of greater than half a day, so I chickened out and took profits albeit only 25%.
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