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Strategies & Market Trends : Waiting for the big Kahuna
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To: bobby beara who wrote (25247)8/26/1998 11:08:00 PM
From: jef saunders  Read Replies (3) of 94695
 
> short dell, wave 5 peak today @129

short term trendline support up is now at 124.75.
it's only in the middle of an up channel, not
at the top of the channel. there's still
a lot of room for it to go up to 136, and 146.
that would be the channel top.

dell broke resistance again, and has been up
strong on 2 down days...people are actually
running to dell for safety...i see the last couple
of days as dell getting stronger, not topping.

bwdik,
jef

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