Monday, November 23, 2015

[IBM] update

Per the backlink, my model was for a near term bottom in the "low 130s" and it did eventually get all the way down there and then put in a nice crisp double bottom.  So I'm looking for 150 minimum, perhaps 175.

There is another option as well.  W3 could be WC.  Avi could be right in that the bull market is alive and well.  I'm not bought into that by any means but I have to keep an open mind.  So for now I continue to model this as a dead cat bounce but one which could have some legs.

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