o  - 2 successive gaps down, making some sort of island formation
            that candlestick readers would say is bearish.  (on the way
            up this is supposed to be very bullish).

       o  - Reversal of momentum indicator (of course).  tifwiw. 

       o  - MACD negative (of course) reversed from positive 
     in the earnings run-up, level at zero leading up to this at 65.  

       o  - closed below 65 level recently established prior 
            to earnings run-up.

       o  With exception of spike down on Oct 8, Jan 1996 was last time
         price touched the 200 dma.  200 dma is at 45-47.
         Anything under 50 will be short-term salvageable
         (if not on margin).

       o - Several times rested and touching the 50 dma, now at 60.

         If the 50 dma crosses below the 200 dma this is a 
       "bearish" technical indication and will be widely
         recognized as such. 

       o -  200 dma is rising swiftly (+5 in one month) 

       o Michael Dell himself has stated he expects to maintain a
          20 - 25 %  growth in revenue for five years.  No 
       more boasting about 25% sequential.