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

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To: Chris who wrote (14849)8/23/1998 1:43:00 PM
From: dennis michael patterson  Read Replies (2) of 42787
 
Sell DELL now! Here's my argument: I just looked at the chart. On the open Monday, Dell will be further off its 50 DMA than at any point in a year. When it has done this in the past, Dell has retreated. This is a fact, not an opinion. Now here is the opinion. Dell is a bad trade for 3 reasons: (1) all the news is out, nothing to anticipate; (2) stock has had a big move, people will look to lock in profits; and (3) stock did not come bask on friday with the rst of the market. What counts against these observations? MACD just went positive, but this is undercut by the Stochastic which is about to turn down. Comments please!!
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