Lisa,
On DELL, it could be argued that it is either making an ASYMETRICAL TRIANGLE or a PENNANT. Regardless we are not at the apex and I am more inclined that it should break to the downside.
I went on a CLASS 1 SELL signal to only play the initial sell, and it turned out better than expected, so there was luck there.
Here is some food for thought. Last TUE, the NAZ pulled back sustantially off its intraday's highs, only to rebound and set newer highs by FRIDAY. DELL also dropped on that TUE, and rebounded, but could only test TUE's highs at 60.
I am not certain of anything, but DELL does not appear to be as strong as many think it is.
For the time being I am suspecting that DELL may be doing a TECHNICAL DELAYED PEAK. Since I use to be in the resaurant biz and because I am Chinese, I came up with a new term for this formation and that is a "DOUBLE UPSIDE-DOWN WOK". If anyone is confused with my terminology - it means a DOUBLE TOP. Since I am originally from NYC, Brooklyn specificly, I do not have the knowledge that LG has for his ROAD KILL ANALYSIS, but I can handle the CHINESE KITCHEN ANALYSIS. GGGGGGGGGGGGGGGGGGGGGGGGGGGG
Seeya |
