darcy kincaid

IBM A long Term perspective for traders and investors

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IBM             has set a record for the longest Swing trade in it's history that has hit a 3rd target without a significant retrace. A 10 year in-the-making Swing trade has recently hit a long-anticipated price that underscored that Very Long Term Swing trading is still very much alive in the stock market.

From a fundamental standpoint, IBM             is a hard-to-beat choice for VLT Swing Trading as it has such an impressive pedigree and in the minds of many defines the very essence of the term blue chip. We see no reason to discount it as a viable choice for the LT             investor and trader and deserves a place on the most traded list even though it has a relatively low beta.

Technically, IBM             is in completely uncharted waters and the chart certainly has room for a sizable retrace in the coming year. We have identified the range in which many new shorts will be looking to enter a VLT Swing trade to the downside. Coupled with the fact that IBM             has just reached an unprecedented 3rd target for such a long time-frame trade with the continued upward trend of the overall market, should make for some careful planning before committing to any sizable LT             Swing shorts, in our opinion.

While maintaining a small cautious short by means of a mixture of leaps and OTM puts based on the LT             chart level, we will trade short term long to capture upside swings until the picture becomes clearer.

Trade the chart and trade safe.
IBM is the next AAPL. see my analysis here
IBM , the next AAPL ?
Already have new entries and targets identified on all time-frames and they are working out nicely.

Next AAPL? In what way do you mean? Could you give us an idea how you interpret the channel beyond the obvious and how you would enter and exit, resistance and support, etc? Thanks.
LT Swing Short being aggressively sold on the Week chart. IHS pattern broken.
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