IBM - Swing and a Miss?

IBM at last look around 5:30pm ET yesterday, was trading below the low of 128 on the chart here. Interestingly, big buying came in around support from a resistance level a few days ago at 129.50. Those traders appear to be the one's dumping and from what I am reading and hearing anecdotally today, many traders are throwing up their hands wondering how IBM could beat, miss on revenues (thanks in large part to currency) and get slammed lower! Should make for an interesting trade later today. 128 is first resistance, 129.50 next and the big one around 131 could setup the the Dow to breakout to the upside back towards previous levels in the 10,600 range. This would in theory push the S&P back over 1100 and reinforce my continued bullish view on the markets. Since IBM is something like 9% of the Dow, its move tomorrow ill push around the broad markets as well. Ready for a roller coaster?