Rally on IBM/Oversold

IBM helped the market in a big way today with a +5 dollar surge. Good new on earnings still leaves the beamer with over a 15% decline from the October 11th high. Lots of work ahead for the buyers. Indexes had a fairly quiet day in contrast to the 1 minute 23 point rally in the sp500 index futures at about 2 am est. Otherwise nothing notable about the overall rally today with values still needing an upside push to change the current downside dynamic.