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

To: DAN KACKLEY who wrote (2542)	2/20/1998 10:39:00 AM
From: Ben Antanaitis	Respond to of 8218

Dan, I'm not a bear on IBM... it's paying my retirement check :-) and it has grown my IRA monies quite nicely.. If you stop at my main web page: pipeline.com I have a section where I collect some of those Options charts for various stocks.. I also published the 'methodology' I use to make them. There is a link to a fully explained example. I have several months of data displayed so viewers can see how that collection of stocks track the "Max-Pain", or "Maxie-Pain" as she is called over on the IOM thread, theory. The effect of this is only felt on the Friday and Monday before and after expiry. The EZ-PnF chart still shows IBM above it's long term bullish trading channel support line(a positive indicator). It touched the bullish support line in January and bounced up off of it (a second + indicator). The pattern is looking like a 'broadening formation' that is turning into a 'broadening top formation' (this would be a third positive indicator that would be in effect). The jury is still out, but if we see the 108 -> 110 range.. the fuse is lit for a good percentage up move. Of course this is only my reading of the chart and not investment advice.... Ben A.