In any case, I'm not shorting it here just because MSFT is reporting tonight. they always beat which means the Dow will gap up and take IBM with it. Don't really need to open a short position on a Friday, I think I'll reassess this on Monday.
Overbought with huge divergence.
In any case, I plan to exit the trade either Monday or Tuesday.
Out with a small profit, gonna look at other stuff.
Dow futures gapped up after the one hour break, so it's bound to close that next week probably. All signs point to a 2 or 3 day rally.... with ahead fake bear trap pattern tomorrow after it gaps up.