IBM Trends

[Snehal]

IBM today (June 1st) hit its second consecutive sell signal. Based on
past behavior, it seems that IBM will drop down again to the lower
70's.

After dropping 20% or so, IBM has emerged into a very cyclical stock
bouncing between $72 and $77 a share. Look at the following data for
the past month-

1-June-05, Sell Signal
31-May-05, Sell Signal

26-May-05, Buy Signal
25-May-05, Buy Signal
23-May-05, Buy Signal

20-May-05, Sell Signal

19-May-05, Buy Signal
18-May-05, Buy Signal
16-May-05, Buy Signal
13-May-05, Buy Signal

11-May-05, Sell Signal
10-May-05, Sell Signal
9-May-05, Sell Signal
5-May-05, Sell Signal

4-May-05, Buy Signal

3-May-05, Sell Signal
29-Apr-05, Sell Signal
28-Apr-05, Sell Signal

27-Apr-05, Buy Signal
26-Apr-05, Buy Signal
21-Apr-05, Buy Signal

Most of the buys and sells have happened in clusters, so I'd be
interested to see what happens over the next few days.