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Technology Stocks : EMC How high can it go?
EMC 29.050.0%Sep 15 5:00 PM EST

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To: TigerPaw who wrote (10702)7/22/2000 6:38:23 PM
From: X Y Zebra  Read Replies (1) of 17183
 
Dell is very easy to underestimate, but they've won every price war that they were involved with.

My voodoo readings tell me that if Dell can go through resistance at +/- 53 1/3, it may go to March high of 58 plus. Meanwhile we may be in for some side-ways action. Unless, we are facing important news. (Watch for the ADX line to turn up, this could mark a renewed uptrend)

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As for EMC, strong as ever, an impressive power house, broke new highs, we may have some short term consolidation, but then we go higher, clear next Fed meeting and ...

In EMC's case ADX reaching higher levels, could turn down, indicating a short term over-bought. New highs on declining volume, could indicate a short term retraction to previous old high (83 plus change).

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