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

To: Robert Scott Diver who wrote (3311)	6/18/1998 9:10:00 AM
From: fred woodall	Read Replies (1) \| Respond to of 8218

Goldman removes IBM from Global Priority List. Keeps on U.S. recommmended list. (whatever that means) IBM testing 200 day MA at 106.

To: Robert Scott Diver who wrote (3311)	6/18/1998 9:29:00 AM
From: Jules B. Garfunkel	Read Replies (2) \| Respond to of 8218

Scott, For the past 16 months I have provided this thread with all the support necessary to justify "INPATHIQUE predictions", i.e. IBM's fundamentals do not justify its high stock price. How is it going to look now that IBM bought back all those shares, earlier this quarter, in the $120s and now the stock is looking to sell for some 20 points less? Jules

To: Robert Scott Diver who wrote (3311)	6/18/1998 3:38:00 PM
From: Greg R	Read Replies (2) \| Respond to of 8218

Scott - What you asked for is a challenge - INPATHIQUE charts graphically present the influence of Trading Computers (TCs) on the price of a company's stock. Today's TCs attempt to consider all factors that may affect the price. The TCs determine when the price is too high and too low and cause trades to take place. Being computers, they are logical. Give them the same situation twice in a row and they will make the same decision. That repeatability creates predictability. INPATHIQUE charts the stock's past price moves to determine the TC's influence (programming if you will). Once their pattern is found, it can be projected into the future to determine the prices they will permit. The permitted price range is shown in white on the example INPATHIQUE charts. The price rarely gets to the extreme highs/lows without seeing a company issuing or buying shares, CEO getting fired etc..... There are paths the TCs will normally conduct the price along within the allowed trading range. Shown in pink on most of the charts. There are many situations that will occur that you just "know" what the TCs are going to do next. (Provided in the Step by Step Guide to INPATHIQUE Analysis). Other times, your guess is as good as mine (within the white area). I make my money by watching several stocks to find those that have gotten themselves into a situation where I "know" what it is going to happen next. When I sold IBM at $125, I knew it had to go down and roughly how fast. The total distance was still a guess then. By applying INPATHIQUE Analysis to the actual high-low trading prices that have occurred since then, I am satisfied that I have discovered the TCs short term pattern and am now comfortable that it should reach $102 minimum within 7 trading days. I would not be surprised at all to see it hit an intra-day low of $100 Tuesday. Currently, I am updating my IBM pattern several times per day and will be watching and waiting to try and maximize my gain. Your right, not all the predictions go as predicted. Sometimes, I overlook a clue, do not see the pattern or the TCs have not yet provided sufficient clues to allow their pattern to be found. If I make a prediction today, the TCs may provide new clues that will cause me to adjust my prediction. Folks on SI cannot possibly be kept advised. You need to have your own pattern in front of you to work with. If IBM's price should happen to do something I am not expecting today, I will know it and do whatever I deem right at the time given my INPATHIQUE pattern. The prediction of $110.25 for yesterday was an assumption on my part that IBM would rise to and rest on the underside of the long-term Bull-Set's Center-Line. It turns out the Center-line was accidentally bumped out of alignment (months ago) and I never noticed until I checked this morning to see why my prediction had been in error. The source of that line is from over fours years ago. Those dashed black lines were caused by spikes in the price from four years ago. They impact how the TCs treat a stock's price today and tend to make the price follow them. The horizontal red line which is still impacting the pattern and the price of IBM, originates from the spike in prices to $84.95 on July 13, 1987 which was the Apex of the previous INPATHIQUE Bull-Set. These things continue to predictably influence the behavior of the TCs trading decisions after all these years. Seems "right" somehow that one of the best INPATHIQUE patterns around is on IBM's stock.