MArket has not corrected . If it does,all bets are off.
Hasn't pierced key level.....as I said.
We have to watch and see if it gets to $183.60.
Meanwhile, today, you just don't want it breaching the LOD at or near the close, which is $194.07
It's already breached the 200 dma. In the past it has bounced back here quickly. If it doesn't then game over. Personally, I think it will bounce back very soon. GOOG getting sold but they will probably buy techs into and after AAPL.
The market has been correcting for a few weeks. It doesn't go straight up or straight down. The Nasdaq saw a peak of 3196 on September 21 and is now trading at 3072. That is 120 points in less than a month on the growth index. Sure, the market is up this week. Which gives it an even greater chance of going down in future weeks.
IBM has pierced its 10 week and 40 week lines in heavy volume. That is a red flag for any trader. I hold long term, and not looking to add, so I could care lees where IBM trades in the short term.