Tagged "IBM"

10/18/2011 Market Outlook (No, it is no...

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SHORT-TERM: IN WAIT AND SEE MODE

Three cents:

  1. Could see red day tomorrow and more likely today’s low will be revisited.
  2. [Read the Rest]

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10/07/2011 Market Outlook (Bearish Reve...

SHORT-TERM: NOT SURE IF THE REBOUND IS OVER, THE OCT 4 LOW IS THE KEY TO WATCH

The chart below explains how I read the market:

  • Because the 3rd lower low is much shallower than the 2nd lower low, so pattern wise, chances are very high that the Oct 4 low is the low.
  • [Read the Rest]

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09/29/2011 Market Outlook (The 3rd time...

SHORT-TERM: IN WAIT AND SEE MODE

No conclusion today, let’s see tomorrow.

The chart below should explain what I saw. Sharp rebound again on the 3rd touch of the same line, the question is: Will the 3rd time be the charm? [Read the Rest]

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