Dell's Daytraders Decision Site Message Board

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Technology Stocks : Dell's Daytraders Decision Site

DELL 117.14

+3.5%

3:59 PM EST

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To: Larry who wrote (102)	7/2/1997 10:52:00 AM
From: Robert J. Partridge	of 1124

Hi Larry, Hope you don't mind me jumping in, I ran across this thread while surfing. I'm into TA myself, and right now DELL TA does not look good. Stochastics are negative, DMI is negative, the five-day chart is almost steadily down, I don't see anything saying this one is ready to stop the fall yet. The middle Bolinger is about 110, that might slow it down or stop the fall, otherwise it could head down to the bottom Bolinger. The good news is,there should be buying opportunities within the next few days, once this down cycle has run its course. The stock is healthy, well above the 20/50 day moving averages, so it most likely will recover and regain the lost ground. I sure don't see 117 in the cards for today though. Robert

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