Monthly market view of IBMAccording to the E.w. Theory we can see that IBM, in a long term view, is now on the completition of the 4th wave. In order to do so it has to do one more leg down withe the start of it between 160/170 price range and the end between 100/80 price range. Obviously the end of this move coincide with the start of the 5th macro wave.
For make a summary of the analysis:
Short term (1-4 month) = we are long on the IBM until it touch 160 level.
Medium term (1/2 year) = we are short on the IBM until it touch 100 level
Long term ( more then 2 year) = we are long on the IBM until it touch at least 200/240 level.
