![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNDtYlc2OG93gmUtig90OuOdJE95qDmRILgZpxKO_vKOahIWF-_3Ojl0fYYxpTQuoDATsSegwtuNf-Hm6P23o7nUaV9jTXXVA4XIAIHcu5bNTxayh29JZQ1rX_0bu1-6n-0qxi7qlH9HA/s320/IBM.gif)
Has failed to make a new high,showing non-confirmation with the Dow Industrials.An approximate 3 week decline has been followed by a 7 week rally (ie more than twice the time factor)that has failed to break the high which is also a bear setup .MACD negative,multiple tops.
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