Right – it's not often we come into such significant nodes where we are now, but when the indexes come into a possible turning point, many internal (major) stocks like IBM will often show similar turning points.

I'm trying to find big leader stocks to get a leg-up on the possible next move in the S&P.

Good point – I was counting it as a Wave A down from the high; Wave B (which is a 3-wave structure) to present, and then perhaps Wave C down to form a zig-zag.

Daily has indeed taken some big damage.

I'm watching $100 very closely for a bounce but might get short if the broader market breaks down from the H&S as IBM would be breaking significant support as well.

All the major markets seem on the verge of POTENTIAL major moves

The time of year, the lack of volume and the lack of volatility however are puzzling

Right – it's not often we come into such significant nodes where we are now, but when the indexes come into a possible turning point, many internal (major) stocks like IBM will often show similar turning points.

I'm trying to find big leader stocks to get a leg-up on the possible next move in the S&P.

Good point – I was counting it as a Wave A down from the high; Wave B (which is a 3-wave structure) to present, and then perhaps Wave C down to form a zig-zag.

Daily has indeed taken some big damage.

I'm watching $100 very closely for a bounce but might get short if the broader market breaks down from the H&S as IBM would be breaking significant support as well.