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

To: wiley murray who wrote (4273)	11/23/1998 10:47:00 AM
From: High Grader	Read Replies (1) \| Respond to of 8218

Watch the entry level for a short that I mentioned. If it isn't taken out we will establish a higher one. As I said one more up move was possible and here it is, but still the market is vulnerable. Will stay tuned and watch for an opportunity.

To: wiley murray who wrote (4273)	11/23/1998 11:21:00 AM
From: High Grader	Read Replies (1) \| Respond to of 8218

Have a look at the Fibonacci levels on the EW chart for IBM and watch 164.64 for a possible top area. Already we have seen that indicators can appear to be wrong, but they alert you to possible changes. The secret is in how we enter the trade. The indicators will now set up a stronger divergence, making lower lows while the stock makes higher highs. We will be able to find another point to wait for the stock to come past us and then hop on. Think of a hitch hiker...we will wait til the ride comes by in the direction we want to go and get on. If it doesn't come by, we are not getting on and don't lose anything. later