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Strategies & Market Trends : Point and Figure Charting

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To: Chris who wrote (4395)	7/4/1998 12:17:00 PM
From: wizzards wine	Read Replies (1) of 34811

Hi Chris, Jan is out for a few days so I took a look at DELL... RS Buy on 3-10-92 and still in X's, very strong. Gave the last double top buy on 6-22 and is currently at 92.88 It would take a 90 even to generate a 91 for a sell signal and a 96 even for a new buy signal. Trend is positive and it's on a pull back so making for a good entry point. The Computer Sector just reversed in to X's and gave a Bull Confirmed status at 38.. In addition Dell is one of the strongest powers in the PC arena..witth this and the sector just turning up, I'd say the risk to reward is fairly good. Remember though that we are still waiting for the BPNYSE to also reverse into X's, for our signal to bring out the offensive team so keep an eye on anything that you do. Later and Great 4th Preston

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