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Technology Stocks : Dell's Daytraders Decision Site
DELL 127.92+0.4%3:59 PM EST

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To: Jack T. Pearson who wrote (452)7/27/1997 9:12:00 PM
From: Markus   of 1124
 
To: Jack T. Pearson (Addendum and correction)

In my previous post I said "I think DELL will go up 2 to 3 points on Monday."

I am sorry, I do not want to mislead you in anyway. What I mean is I hope DELL will go up 2 to 3 points on Monday. The reason is if DELL is down on monday, it will be my sell signal. If it goes up on Monday then the party is not over yet.

I use the candlestick as my tech analysis tool. And it generate a bearish signal on Friday for DELL. However that bearish signal (Bearish Engulfing Pattern) is still need to be confirmed on Monday. In other words if the price goes down on Monday that is my signal to get out of DELL. If it goes up on Monday than I will stay on. I hate to get out from DELL the last time I did that was, when DELL was traded at $114. I got back in at you know what $138 1/2.

Wish you well Jack
Bye
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