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Strategies & Market Trends : Waiting for the big Kahuna

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To: robnhood who wrote (30016)10/2/1998 8:20:00 PM
From: bobby beara  Read Replies (3) of 94695
 
rr, IBM needs to trade back up to it's top channel - it's making a bearish ascending triangle off the march lows and I'm sure there are plenty of others. We bounced hard off a significant resistance point with some heavy oversold reading, which means we need to get back to overbought to make another run at taking out the neckline.

This isn't going to be a one day affair. It's Donald Sew's stair step

bwdik,
bb
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