Dell Technologies Inc. Message Board

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Technology Stocks : Dell Technologies Inc.

DELL 122.55

+4.4%

Nov 21 9:30 AM EST

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To: K. M. Strickler who wrote (56126)	8/4/1998 10:14:00 PM
From: Billy	Read Replies (4) of 176387

One bearish indicator... I want to see DELL make a pre-earnings run on 130 just as bad as anyone (my calls expire in 2+ weeks), BUT a little known, but reasonably reliable indicator flashed a sell signal on Friday, July 24th. It's called the Titanic syndrome and you know where the ship went. It's signals a sell when the 10 day moving average of new lows exceeds the new highs within 7 trading days of a NEW DJIA high. It indicates extreme weakness of general market internals and a very narrow new high. It hasn't happened very often, but did in fall of 29 and August 87. Maybe "things are different this time", Ha !

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