chewy tuesday, page-55

volt...

yur answer might be in the initial
suggestion you made about IBM a few days
ago..

i posted some charts on IBM with some
ideas but u never replied...

if you dont mind i will repost for your
expert appraisal:

interesting IBM was still gaining momentum
up 68 c from last nights trading

Forum: ASX - By Stock (Back | Return to Search Results for 'xjo')
Code: XJO - S & P ASX 200 Index ( 3,473.8 | Price Chart | Google XJO)
Post: 3735254
Reply to: #3727806 from voltaire Views: 94
Posted: 08/02/09 21:31 Stock Price (at time of posting): $1.348 Sentiment: None Disclosure: No Stock Held From: 124.169.xxx.xxx
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volt...

u got me thinking about IBM and how it
could give us a clue as to future market
direction,i have been doing some crystal
ball gazing...

i have used a perfect diamond pattern as
a 'feel' for some projection of price and time
as a H&S pattern doesnt look right with the
future RHS shoulder possibly dropping to far...

it looks to me the 1st E wave (or zig zag)leg could possibly test previous highs adding weight to any rally happening across the globe...then the declining 2nd wave (or zig zag) forming...its quite scary that historically
we have an almost perfect fit that this scenario
has happened before...

the rally (with IBM and possibly linked to global
equities) could be quite 'sharp' and possibly last
till the end of April 09 with the 'channel' breakout
looking very likely to be confirmed..

anyways have alook at the below charts and let us
know what u think...