did IBM double top ?

Discussion in 'Stocks' started by Wallace, Dec 3, 2012.

  1. seen in passing

    don't know if IBM is any kind of bell-weather of the markets, but it looks like a dt to me
  2. here's the chart
    • ibm.png
      File size:
      7.2 KB
  3. Bry


  4. Yup, that was then and now this support zone looks sweet. Up trend line meets horizontal on the weekly. Daily just needs to show a tuck-in-preparation and that looks underway. If that pull back then shows a buy signal it will offer good potential.

    IBM is just following the waves on the main Indices.
  5. doing nicely ;)
  6. thats why you're the Xpurt

  7. The beast made it up 10%+ in 2 months from the weekly support. Not bad in that time period :)