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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (246)	2/1/1998 11:42:00 AM
From: Ms. X	Read Replies (1) of 34811

Dell Computers - DELL Well, here is a stock that certainly doesn't need ME to tell it what it is doing. But, I'm gonna anyway. The most important factor is, the relative strength has turned positive again after a brief respite. It hasn't given a buy signal yet but I'm sure it will. Daily and weekly momentums are positive and the trend is positive. WAY above its bullish support line. Right now it is sitting at 90 a spread (huge spread) quadruple top. Big resistance at 90 and a spread triple top resistance at 91. Now, my opinion is, since the computer sector hasn't reversed up yet (currently within 2% of a reversal up at 38%) and with the RS just turning positive not to mention the daily and weekly momentums being positive; Dell will be scoarching the charts some time soon. My opinion you realize. Would be nice to get this on a pullback if Dell sees fit to do so. This is one of those "If I could go back in time, what company would I buy" fantasies. Maybe I should do a P&F of all the "I wish I had bought that company 2 years ago" stocks. Nah, too depressing. Hey, opportunities still out there and I don't think Dell is finished yet. Any FA to back me up on this? Jan

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