Dell's Daytraders Decision Site Message Board

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Technology Stocks : Dell's Daytraders Decision Site

DELL 115.43

-1.5%

Jan 23 9:30 AM EST

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To: DragonBoy who wrote (74)	6/26/1997 6:32:00 PM
From: Craig Schilling	of 1124

You most likely will win this one. I still like like MOT until it hits 80 and I sold DELL at 119.50 after looking at the 10 day stocastic, it has gotten weaker at each peak since Monday. Looks like we have begun a down trend now that we have broken through the short term uptrend. Support is at 117.50 and 112 and I would love to see it go there in the next week. I'll short if we get up close to 121 tomorrow otherwise I may sit this down trend out for a few days. INTC was quite weak today and that was my turn indicator. The question that has been on my mind all day is what will happen Monday through Thursday next week, I'm trying to position my self now and my feeling is we will see a pull back on Monday and Tuesday with an initial rise Wednesday when fed does not raise rates. Plus we will be done with negative earnings preannouncements. Do you follow disk drive sector? Things seem to be getting very interesting especially if WDC pulls back to 28-29 area. SEG is tempting if it hits 30. Craig

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