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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (9607)11/14/1998 4:13:00 PM
From: Jerry Olson  Read Replies (2) of 34804
 
Hi Bruce

I just looked at DELL...i own it<g>...shares and options...

check me?? ok???

looks like good support at 63ish, very good at 60...

it moved up rapidly 20 straight boxes to an all time high...stocks usually selloff when they hit 52 week highs initially...

anyway, it just sold off 10 boxes for a 50% retracement of the recent move...it gapped down as low as 62++ printed 63, and looks to reverse up to fill the gap at 69...

with Mon's rally<g>, and AG cutting rates on Tues<g>, what's your best guess using that senario...i already know mine...:>}
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