Dell's Daytraders Decision Site Message Board

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Technology Stocks : Dell's Daytraders Decision Site

DELL 144.22

-3.3%

11:39 AM EST

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To: Meathead who wrote (764)	8/21/1997 12:21:00 PM
From: Larry	of 1124

Meathead I'd also like to know of a good technical indicator for day traders of DELL. I agree with what DragonBoy says "if our god AG is cool, the market is hot, it is as simple as that, I burned all my books" The only indicator that works for me any more with this stock is the 50 day moving average. If DELL wanders too far away, it likes to come back home. When DELL gets close to home, it likes to run away again. How far away and how close back home seem to be governed by the news of the day. Mr. AG is usually a big factor, but this last time while everyone was watching AG they were also watching the UPS strike. If you think about it, the market correction we just went through pretty much coincided with the beginning and ending of the strike. So my read for why I think DELL is going up is based on four things: 1. DELL chart formed a double bottom and came within 7 points of 50 day MA 1. UPS strike ended 2. Mr AG was cool 3. Good earnings report Pretty simple analysis. So, now you know that I have survived here for the last months with dumb analysis and dumb luck. But so far it seems to be working. You were good with your analysis of the correction beginning July 25. Maybe a little off on the bottom range, but at least you were brave enough to post it. What indicators work for you reading this stock which seems to behave like no other? Larry

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