Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
— Marcus Aurelius
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Thursday, February 19, 2009
Heavyweight..
with markets still in indecision mode...looking at IBM to see if any clues as to next move.
Looks like it has been tracing out a flag formation..lower boundary around 87...
a clear break below there would be trouble for the broader market...
obviously a clear break above 99..would be bullish...
we got to the top of the wedge a week ago and immediately fell..gap open may need to fill before moving lower
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