Carl Futia

Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time

Wednesday, March 22, 2006

Here is a weekly chart of IBM.

My original upside target for IBM was 106-08 but I now think it will only make it up to 100 or so.

Carl Futia: I write two financial blogs. The first is Carl Futia.On this blog I post daily "guestimates" of the current trends and trend potential in important markets. My second blog, Carl Futia Real Time, is subscription based. It is a real time trading seminar in which members receive my real time analysis of the E-mini S&P futures and can watch me trade them. In this seminar I explain how I calculate support and resistance levels and how I recognize market "rejections" of support or resistance which then determine the current trend directions.

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