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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (2099)	1/11/1998 2:42:00 AM
From: Art C.	Read Replies (3) \| Respond to of 8220

Chris---What I am saying is that charts are good for short term trading as far as I am concerned. Under the current conditions, such as the Asian situation, investor sentiment, etc. the chart is not going to point you in a particular direction. I depend on common sense to tell me what the stock is going to do. #1 is that Gerstner would sell his underdrawers if it would make the stock go up. #2--despite the depression of other stocks that have the Asian connection, IBM has been holding its own within a very narrow range---- look at some of the other tech stocks and compare the percentages. #3 The earnings should be out somewhere around the 21st. The analysts have already lowered the expectations, and I expect IBM to beat the numbers. In the present environment trend lines and MA's are as about as useful as a windsock in a hurricane. Depending on how you trade----watch the candlesticks. Art