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techcharter

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techcharter

Re: None

Wednesday, 04/29/2015 10:47:17 PM

Wednesday, April 29, 2015 10:47:17 PM

Post# of 51788
IBM E-wave

http://stockcharts.com/h-sc/ui?s=IBM&p=D&yr=0&mn=10&dy=0&id=p80617456423



The wave structure off the top in 2013 is a bit choppy. It's not until April 2014 that a large motive wave to the downside can be counted.



The rally off the January 2015 low has the look of a classic zigzag. Waves a and c are motive. Wave b is a triangle. The triangle signals one more wave in the sequence. Wave c is nearly complete. So IBM is about to head lower.

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