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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: ViperChick Secret Agent 006.9 who wrote (8873)5/26/1998 11:00:00 PM
From: Chris   of 42787
 
dell analysis (part 2)

according to fib retrace (which is think is very effective in the study of TA), we already bypassed the 38% retrace mark. now, we are looking towards the 50% retrace mark. that would be at 80.00

couple pointers:

1) today's low was not a new low. ie: it did not bypass yesterday's intraday low. i would call that as a good sign.

2) in the previous post, you will notice that DELL is below the 21 day ema, and heading towards the 50 day ema. that line is located at 78.xxx (look at previous post for exact figures).

summary: dell is weak.. there is a possibility that DELL can see high 70's. at the current rate of decline, yes, it can be reached within the end of this week or next (depending on mkt conditions as well)..

currently im on weekly sell as well.
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