Tinkering in IBM
Something interests me on both the weekly and daily charts of IBM (IBM), and it has me investigating the long side of this stock.IBM ׂׂׂׂׂׂׂ(IBM) -- Weekly Source: Dynamic Trader View Chart » View in New Window »
First, on the weekly chart, the swing from the April 3, 2012 high into the July 12, 2012 low brought the stock down by $28.84 -- very similar to a $28.50 swing from the July 2011 high to the August 2011 low. This is what I like to call symmetry -- that is, similarity or equality when comparing swings in the same direction. Other technical analysts will call that projection a "measured move."...488 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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