MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (8359)	8/21/2001 1:30:30 AM
From: J.T.	Read Replies (2) of 19219

Dell meets minimum requirement with partial fill of that last gap 22.18 - 22.65 from early April with intraday low of 22.37 and close of Dell 22.72 down another 28 cents. Pure technicians love to see complete gap filled but as long as the gap is kissed and penetrated, the requirement is fulfilled. Unfortunately, I found a small gap from Jan 9 - Jan 10 that has never been filled that being 19.75 - 19.81. They attempted to fill this inconsequential gap?? on Feb 22nd with an intraday low of 19.93 but never quite closed it. It leaves that lingering hope for Bears who have puts trying to hit it out of the park to go for the grand salami. With market poised to accelerate the northbound reversal, DELL has 6 open upside gaps since April 20th: 24.10 - 25.38 26.37 - 26.57 28.36 - 28.43 28.63 - 28.74 28.98 - 29.35 29.99 - 30.12 This does not include unfilled gaps from September 2,000 and prior to that date. Bottom line, Dell has little down side risk from here and is a good core holding going forward at these prices. Best Regards, J.T.

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