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To: velociraptor_ who wrote (7286)7/17/2001 12:33:31 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
The fact is, it's hard to make a case for it pointing down. IBM is a tech stock, but it's been range-bound like so many stocks these last 18 months or so. This is the question that wavers have to ask themselves here: Can good trending down come out of what looks like a range? Has it ever done so? All these ranging stocks argue for a flat correction of some sort.



To: velociraptor_ who wrote (7286)7/17/2001 12:42:32 AM
From: Shack  Respond to of 209892
 
Dunno 'bout 200 but its hard to see the consolidation as anything but a flat which implies more up.


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