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S&P 500
5,464.62
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-0.16%
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US TECH 100
19,207.20
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0.00%
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Dow Jones
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techcharter

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techcharter

Re: None

Monday, 11/14/2011 4:14:51 PM

Monday, November 14, 2011 4:14:51 PM

Post# of 51804
IBM Gets a Wedgie

The e-wave count from the March 2011 lows looks like a completed ending diagonal (bearish wedge). The RSI has been making lower highs as the price has made higher highs, a bearish divergence. Also a bearish divergence, the rally out of the October 2011 was on decreasing volume.

Since IBM is one of the market leaders, making a new all-time intraday high today, when it starts to fall in the near future, so will the rest of the market.


http://stockcharts.com/h-sc/ui?s=IBM&p=D&yr=1&mn=6&dy=0&id=p84923267558
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