, gorgeous bearish
gap on Thursday. Today was a bearish
confirmation candle and NOW IBM
is gapping down. Tomorrow will be fun to watch. I think IBM
goes much lower. 124.71 will be a nice place to short a retest (200 SMA
on a monthly) $118 is a target by this week, maybe tomorrow.
From there, let it rest at $118 for a bit. A break below that and, you know what's up
Caryn S in 125 puts that expire next week.