IBM has broken out in price, but the complete lack of volume (to
me) suggests that it may in fact be a "fakeout" -- no institutions
are buying this breakout and a price reversal from this level could
be swift. JMHO.
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soooo, what's your point? it
IBM...
Posted by marketguy on 12th of Oct 2011 at 01:40 pm
soooo, what's your point? it broke out but looks like upside from here is very limited....
IBM has broken out in
Posted by kalinm on 12th of Oct 2011 at 01:45 pm
IBM has broken out in price, but the complete lack of volume (to me) suggests that it may in fact be a "fakeout" -- no institutions are buying this breakout and a price reversal from this level could be swift. JMHO.