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Technology Stocks : Dell Technologies Inc.

DELL 122.70

+0.2%

3:59 PM EST

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To: Jim Patterson who wrote (26711)	1/2/1998 10:46:00 AM
From: JPR	Read Replies (2) of 176387

Jim: <<It can easily trade between 50 - 100 for the next few quarters... especially is things are deteriorating for Dell as you say they are.>> You have been wondering about the trading range on DELL. I am not yet as sophisticated as others in reading the charts. Anyway let me present to you what I see in the charts, which may be right or wrong. I welcome any constructive comments from other threaders. Dell has been forming both upright and inverse Head and Shoulders formations, say from early October to now. At this moment it is in the process of forming the right shoulder in the inverse mode. Right around the middle of October it was around 102.5 at the first head ( in this instance), the inverse head on 11-12-97 at 72, upright head on 12-08-97 at 96, and inverse head on 12-24-97 at 77.50. As you see if you project the upright and inverse heads towards your right on the chart, you get a trading range between 80.5 and 90.75 in the near future. As I said I am not an expert, but I could not ignore the compelling data on the charts. Paul

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