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International Business Machines Corporation Message Board

  • chartman1137 chartman1137 Dec 2, 2012 5:45 AM Flag

    IBM: PRICE TIME SQUARE OUT AT LOW: 20 DAY CYCLE TROUGH NEAR

     

    THECHARTMAN NET says:

    Price/Time square out at 184 off high

    the high btw at 211 was a price/time square out also

    squaring using trading days btw..

    3 impulsive sellers against the trend off the low

    coming into first 20 day cycle trough off low, Monday is bar 17 and could represent the low

    category "F" sale at work for u Hurst Cyclic people

    problem is cycles have minus 4 count including 54 month

    up against 40 day Valid Trend Line and failed it Friday..

    A RALLY INTO THE SEASONAL GANN TURN DATE OF 12/22 NOT OUT OF QUESTION

    HOWEVER:

    178 is possible by mid january I hate to say...

    stop on by:

    THECHARTMAN NET

    This topic is deleted.
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    • In my experience IBM follows major market declines and advances like most other stocks. Over time IBM lags its earnings results. Unlike most other stocks, IBM's model produces highly predictable financial metrics.

      Market conditions change day to day. The points per day in either direction, the, "watch what happens as expired time equals price" and the square root of 50 seem like a side show for IBM compared to current EPS, cash flow and outlook. I can appreciate day trading IBM or channel trading IBM and volatility a couple of weeks before or after earnings, but over time I have found that IBM trades on its fundamentals.

      Right now IBM appears constrained by international demand and not by the square root of 50.

    • You must be looking for a board with readers who know what you are talking about.

      • 1 Reply to yield_of_my_dreams
      • he means it went from 211 to 184 in 27 days

        27 points down in 27 days, it bounces

        it had previously gone up 30 points in 60 days

        if u ever see a stock go up say from $50, after 50 days watch what happens as expired time equals price

        heavy selling usually comes in when stock is in uptrend

        EX: QQQ went from 50 to 70 in 50 weeks recently and subsequently blew apart

        also: look at square root of 50: see the symmetry???

 
IBM
191.56-0.74(-0.38%)Sep 2 4:00 PMEDT

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