GM, "key reversal" indeed...
Technically, DELL is poised for a nice drop over the next several days. (And, yes, I'm aware of the earning$ effect.)
Fundamentally, the market is staring down the barrel of a rather nasty currency (er, debt mgt) problem. The US$ is already showing signs of fatigue, the yield curve is turning ugly and bond traders are nervous. This does not bode well for equities, and DELL is not exempt from such dynamics.
Now, before I feel the wrath of this thread -- and the shouts of, "Stone him, kill the bear" -- please recognize that true-grit bulls would delight in such buying opportunities. It's just perspective, right?
Good luck. |
