Keep an eye on IBM. Yesterday it broke a one month uptrend. Remember that there is nothing magical or esoteric about trend lines - at least if they are utilized correctly. They are just graphical representations that show who is in control of the market...the forces of supply or demand. When an uptrend or a downtrend line gets broken it is a sign that the dynamics may be changing and the trend may be about to reverse or at least is consolidating. Used correctly trend line breaks can signal low risk trades...especially if they occur at important supply or demand levels.
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