Loading ...Let’s Do It Again
In my Aug. 31st post “Breakout Imminent” I recommended IBM and the 130 Calls with the stock at 123 . The stock spiked over the next three days to 130. Since, the stock came back again to about where it was at that time. It is time for another upside run. This time the stock should exceed 130. Buy the November 130 calls again. 
Is this a hunch Chartmaster ?
I dont see anything in the chart to say one way or the other
Admit, the chart was stronger for almost a sure thing on Aug. 31 post. This one less so. I still believe an upside move is coming. One could wait to be sure until closes above the 200 day at 124.10 or so. I buy calls, so I’d rather be early on a day it is down or quite, than try to chase and pay up when it becomes obvious. Remember, the 8/31 post was a day early and most of mine take a day or two to pop. Hope that helps.
Just took another look. Suggest if anyone is going to be buying calls on this you do so before the end of today’s session. If it does start to rally and gets above 124 it is going to run to 130 and from there, watch out!