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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (80554)	9/4/2003 1:53:43 PM
From: mishedlo	Respond to of 209892

Well there is a difference between 103 and 110. 103 also assume we go up for another 2-3 months before turning down. I doubt that as well but the strength here is amazing. Anything can happen so lets change snowballs chance in hell to very unlikely. It seems the lessons learned from two years ago are long forgotten. I remain amazed at that. I would guess that IBM pulls back in the 90 area but I am not likely to buy puts on it there. There is tons of overhead resistance on IBM (from memory without looking at a chart in the 90 area, 95 area, 98-100 area. If it gets to the high ninetys thru all that, 100 will act like a magnet. after that I recall resistance at 104-105 and heavier resistance at 110. Hmm resistance every 5 points? This is from recollection, need to look at a chart to see. M