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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (775)10/7/1999 2:29:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 19219
 
IBM is sitting right on a P&F double bottom support at $116. It would have to hit $114 to give the next sell signal. I see some support at $110, but $99 looks stronger. It will be interesting to see where IBM leads us.
JXM



To: J.T. who wrote (775)10/8/1999 12:36:00 PM
From: J.T.  Respond to of 19219
 
I have just booked profits on these Oct. IBM puts as $111 area held and now we are at $112 and climbing. I will potentially look to leg back into Nov puts depending on today's closing price action.

Best Regards, J.T.



To: J.T. who wrote (775)10/12/1999 2:43:00 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
IBM not only an albatross overhanging broad market but has now become a pain in the @ss for the bulls who want and need immediate confirmation of continuation of existing uptrend. Leave no stone unturned as IBM sitting at 111 7/8 and trying to avoid that last right hook sending IBM to the canvas as $111 is in jeopardy of getting taken out right here and now.

Best Regards, J.T.


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