In past posts about IBM I have identified a couple of good, low risk entry points to buy IBM and benefit from what was an over 6% yield and some nice price gains as well. I thought we might get a spike after today’s earnings(still a possibility, but less likely) but the chart tells me it is more likely we get a drop that provides one last excellent low risk opportunity. We could see a drop to at least the 50 day mvg avg. and maybe, if the market overall, is really weak, a drop all the way to the 200 day.(less likely) 127 would be great and 125 even better. Don’t know if we will be that lucky but I am hopeful.