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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

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To: pater tenebrarum who wrote (31493)	10/26/1999 5:16:00 PM
From: donald sew	Read Replies (2) of 99985

Hi, Not that I normally discuss stocks, but am noticing something negative with DELL. 4 out of the last 5 trading days for DELL, the intraday highs were right around 40 1/2. I am suspecting a STAIRSTEP in DELL to the downside to occur shortly. One could argue that it is a basing pattern, but Im more inclined to say it is more of a RECTANGULAR action in a DOWNTREND. Similar to a BEARISH FLAG, in terms of the direction of the resolution. seeya

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