Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: shades who wrote (67876)	8/19/2005 9:00:42 PM
From: Moominoid	Read Replies (2) of 74559

You see DELL was one where I said the chart is really bearish and people (like Shack) said "are you crazy it is way bullish"... that was based on just glancing at the chart nothing complicated. And looking at this chart now, it is highly unlikely that that correction is complete: stockcharts.com[w,a]waclyyay[pb5!b13][vc60][iLa12,26,9!Lh14,3]&pref=G In fact it's just getting started: stockcharts.com[w,a]daclyyay[pb5!b13][vc60][iLa12,26,9!Lh14,3]&pref=G Unless it is tracing out a big triangle on the weekly chart. But that latter chart looks like there is a bear flag there (or wave 4 in E-Wave talk) and that whole wave down is like just 1 of C... So no I wouldn't buy it here :)

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