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Technology Stocks : DELL Bear Thread

DELL 122.55

+4.4%

3:59 PM EST

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To: lin luo who wrote (1777)	9/1/1998 9:35:00 PM
From: lin luo	Read Replies (2) of 2578

It has been a long time that I have not watched the market from the beginning to the end, and today I did it. I thought I needed not to do it anymore. Well, who knows. Today's market and DELL's pattern is what the trader called "Key Reversal". It closed higher than open with very very heavy volume, w/o news. It is usually a bottom is seen in the short term. The fake bulls were thrown out when the market reached its bottom and also a bull-trap was set. It usually works every time. Again, there is October crash. After this correction, you may just relax for a while. Today's action is also funds buying (the beginning of the month). They usually don't get out once they get in. The market pattern changes according to time or event. The famous instability of volatility will change the market characteristics. So, adjust yourself for the change.

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