IBM Earnings Leaked, Yes or NO? You Decide...

I knew IBM was reporting today, but my concentration was in other places.

Here are the charts and you make the call, I'll just point out the highlights.

 IBM 1 min

  IBM 1 min A rather small accumulation period for this last rally and distribution almost right off the bat. Think about that, there weren't too many shares accumulated, but there were a lot of shares distributed.

  IBM 5 min A longer view in which IBM's price and 3C are in line at the green arrow confirming the downtrend, a few accumulation periods, the last is almost imperceptible and a leading negative divergence, or heavy distribution on this last rally.

  IBM 15 min This is before the market broke down to present, the last rally sent IBM to new highs on the hart, however 3C was leading negative -the blue arrow points out the depth of the divergence at new highs for this chart.

 IBM 60 min Here's even more history, IBM is trading pretty normally as I'd expect at the start of the year, 3C is moving higher as price moves higher in general right in to July. Price made a new high last week, again, look how much lower 3C was, and in a leading negative divergence n the last MONSTER RALLY. The green trendline points out the former high so there's also what is likely some head fake action here too.

So, normal trading activity or someone knew something and was acting on it? What does your gut tell you?