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

To: Jim Koch who wrote (4704)	2/20/1999 3:00:00 PM
From: Chip Anderson	Read Replies (1) \| Respond to of 8218

Just posted a chart for IBM on coolhistory.com FWIW, here's what I see: IBM is now getting squeezed between resistance from its 50-day Moving Average and the 165 support level. It's "On Balance Volume" just moved below the 50-day MA for the first time since the October lows (not good). On the plus side, the MACD indicator will probably have a bullish crossover next week generating a short-term buy signal. Disclosure: I'm out of IBM right now but looking to get back in. Chip stockcharts.com