In the backlink I was pointing IBM lower.
Today's chart shows the shares breaking important support. I count this per below. To me, this is A breaching support. It won't likely hold. B will come backup above. It's the C wave that will smash support for good.
My target today is the same as it was when I called IBM down at the very peak. Namely $50.
Thursday, August 20, 2015
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