Wednesday, December 26, 2012

Wednesday Afternoon - hIgh BeaMs illuminating

IBM Daily Chart (11:20AM)
IBM is one of the market telltale stocks and has been for decades.  It's telling you that if you're long you're wrong.  There's nothing bullish about this chart.  They do get a lot of business from government spending and it may be indicating what to expect for any business that is dependent on it.