$IBM May Have Entered a Third Wave Advance of Intermediate Degree

Though $IBM did not retrace to the ideal range for a wave 2 (tiny orange box just beneath us), the pullback was in three distinct waves and so it may be complete (I believe that it probably is). The target for intermediate (orange) 3 is the orange box, though based on the longer-term wave degrees that may be involved, this may go up for many years from here (there is a possibility that the COVID low was of supercycle degree).


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

One thought on “$IBM May Have Entered a Third Wave Advance of Intermediate Degree”

Leave a Reply

Your email address will not be published. Required fields are marked *