649bruno
Short

Trader's Tips, Part 2: IBM And The Bearish AB=CD

NYSE:IBM   INTERNATIONAL BUS MACH CORP
As I wrote about in the previous chart for-AAPL, pay attention to the "W" pattern,
As well as the bearish AB=CD pattern (above).
Above, the indicators turned negative for-IBM after point D of the AB=CD , and-IBM sold off.
Then, IBM-halted at a double top , and sold off again.

Take the time to look at how many DOW-30-stocks have negative formations.
This will give you an inside track as to the direction of the overall market.

Today's Nugget: “The four most dangerous words in investing are “This time it’s different”. John Templeton

May all of your trades go well. Don.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out