IBM Charts Are Eerie
A Heavy Dow Component
Based on sampling 30 years of historical performances similar to today, IBM isn't well from an investor sentiment standpoint. Sampling 1 to 12 months price charts leads me to speculate a tech correction is casting. It may seem absurd as with AIG and JPM (1, 2, 3 , 4 , 5) when most pundits were reciting in unison all is well. Reference the 1 2 3 4 5 6 7 8 9 10 11 and 12 month sample charts of IBM.
As for the Dow, performance projections remain the same since December of last year - poor.