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.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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