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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Robert Graham who wrote (14215)	8/7/1998 2:19:00 PM
From: Lee Lichterman III	Read Replies (1) of 42787

I am showing DELL at intraday support already from yesterday. It built a nice support level in the 106 1/2 area the first half of yesterday. The bad sign is it couldn't clear 109 1/2 earlier today to get out of the down channel it was in. It appeared to be trying to build a base to leap from at 108 1/2 but then the sell program hit before it was finished and it will probably act as a resistance point now. The other disturbing sign is that many of the stocks that shot up without building a base are holding up during this sell program such as MUEI which tells me so far that there is indeed a rotation taking place. Apparently the institutions are buying the smaller companies and getting rid of the larger caps.

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