Monday, August 15, 2011

Goldman Sachs-

Here's a near perfect example of how Wall Street works. GS lifted IBM to a buy. Now if Goldman says, "Buy a Bridge!" you can be darn sure, they've got a bridge to sell.


 IBM is up nicely today...

Here's the 3C chart of IBM... Notice the positive divergence/accumulation in the base (who do you think is behind that?), the breakout is stage 2 mark up and that's where they usually start feeding out shares in to demand. If GS says IBM is a buy, then we are probably at our rally. Stops should still be wide, the head fakes are still out there.

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