IBM had the business office monopolized but then lost it.
PC's came and they said "it's a fad, we have TYPEwriters"
AI came and they said "we have Watson, he plays chess"
It has however been in an uptrend with the market.
Retrace is now testing a key support fib at $163.30
If that one fails, we have a fallback fib at $157.99
===================================================
PC's came and they said "it's a fad, we have TYPEwriters"
AI came and they said "we have Watson, he plays chess"
It has however been in an uptrend with the market.
Retrace is now testing a key support fib at $163.30
If that one fails, we have a fallback fib at $157.99
===================================================
Comment:
Follow up to last snapshot
We did NOT reach either target,
sure looked like it was going to,
but must have been some news?
.
Zoom out (h2)
We now see a resistance zone 167.77-168.35
.
SUMMARY:
- Bounce was rudely interrupted by unknown cause.
- Currently testing a resistance zone from underside.
- If we do not break in a day or two we may get new lows.
=================================================================================================
.
We did NOT reach either target,
sure looked like it was going to,
but must have been some news?
.
Zoom out (h2)
We now see a resistance zone 167.77-168.35
.
SUMMARY:
- Bounce was rudely interrupted by unknown cause.
- Currently testing a resistance zone from underside.
- If we do not break in a day or two we may get new lows.
=================================================================================================
.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Zoom in (m5) with notes about the fibs:
after piercing and hitting local fib at $162.82.
We are now past Covid Stimulus fib at $168.35.
.
Adding a fib to our bounce and looking above:
.
SUMMARY:
- Good chance that bottom is in.
- Next targets are 170.xx then 172.xx
- High support is Covid fib at $168.35
=================================================================================================
.