IBM, ACN (07 Sept 2008)

Some stocks that I am watching closely now. These two are the biggest names in technology consulting, both are companies that have global presence.

If you observe, IBM stocks move in a down trending channel. On the other hand, ACN is still moving in an up trending channel.

ACN is due to report its earnings in 25 Sept 2008, so do keep an eye on that earnings date.

Do remember we are in a bear market, if you wish to go long to catch the retracement train...do keep an eye on the movement tick by tick.

Of course the safest entry is to wait for the retracement to finish before shorting ya.