Price-Time Review's
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GEOMETRIC PATTERN
ANALYSIS:
CYCLE ANALYSIS
for
the
U.S.
International Business Machine (IBM)
12/27/2006
The graphic below shows PTR's
Visual Elliptical Fitting Analysis (VEFA) applied to IBM (NYSE:IBM)
monthly chart from 1990 to 12/2006 and the weekly chart from 1999 to 12/2006,
in order to locate any periodic (regular and reliable), semi-periodic,
or reoccurring only cycles...if they exist. The curves are only a "what
if" construction and they should not be used without other methods
to trade with.
NOTE
THAT:
<The Gann and Elliott Analysis dfor IBM are here>
Everyone viewing this material should be aware of the fact
that the charts and analysis shown here are only a small
part of a larger process, and they are displayed here for
educational purposes only and are not a recommendation to
buy or sell any security.
Descriptive comments,
if any, are either on the graphic or in the text
block below it.
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COMMENTS (IF ANY):
WHILE IBM is clearly at a major
DECISION POINT, testing $100 and that down trend line, I DON"T SEE any "solid"
SIGN as to which way it will break.
However, for now, as long as it's >$89
then I'm more inclinded to believe it will break up and carry the U.S. DOW
to it's final top in 2008. On the other hand, a slip back below $89
is a "bear alert," and going back below $80 is very likely an strong indication
that the trend is already down into 2010-2014 and not up.
NOTE THAT:
<The Gann and Elliott Analysis dfor IBM are here>
For The Price-Time Review
B. Bonfoey
Co-Editor
All content is copyright(2003-6)
PriceTime LLC
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