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Pastimes : ASK Vendit Off Topic Questions

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To: JB who wrote (640)	6/11/1999 7:03:00 AM
From: Vendit™	Read Replies (2) of 19374

Jack this is how I see things as of today. Re: Dell askresearch.com The first thing O notice about this stock is that it's 50 day moving average has just crossed down and under both it's 70 dma as well as it's 100 dma projecting a bearish trend. Like many of the tech stocks it's William's R indicator is towards the lower of bottom end of the scale but is heading in a negative direction. The black candle formed yesterday suggests a lower open for today. Interestingly enough I see money is flowing into Dell stock as if some accumulation is going on. The money flow line angle is not aggressive enough to to cause the price to pop back up much. askresearch.com MACD which is a momentum indicator signaled several days ago but the stock did not benefit much from it. It is trading under it's 200 dma which is $36 and is serving as dells overhead resistance. The following shows dells likely trading ranges. 206.146.143.80 If dell fails to get over the $36 mark today or Monday at the latest then expect it to gravitate back towards $30 before bouncing again. The smaller chart underneath the bollinger chart suggests $30 is the likely direction it will head. If dell breaks over $36 in the next day or two then it will easily make the lower $40's before a retreat. This is all IMO Vendit

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