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

To: Shack who wrote (115650)	3/29/2005 4:06:10 PM
From: The Freep	Read Replies (4) \| Respond to of 209892

Hmm. To me, IBM didn't do anything bearish today. In fact, it went down and tested levels it should bounce from... and it did, unlike the market in general. To me, that's a sign of strength. Now, maybe tomorrow is its day in the crapper, but since I've heard from everyone in the world that today is a low -- and at near the levels we closed at -- I can't say as being short IBM here makes me real excited. Still, a bad day tomorrow makes the rise look more like a bear flag, so we'll see.