Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Monty Lenard who wrote (22932)	11/16/1998 6:51:00 PM
From: bearshark	Read Replies (2) of 94695

Monty: And another example of technical analysis that actually worked. Dell formed a flag from mid-July to mid-August that called for about an 11 point up-move which was fulfilled at the end of August. Then it began a broadening top. The first top near the end of August, the first bottom at the very end of August, the second higher top at the end of September, the second lower bottom in the first third of October, and the third top in early November. Such a formation should result in a swift decline--which it did. However, there may be a final move toward 70, which would provide an opportunity to short--especially if the overall market weakens at that time. Maybe it will work again. 207.95.154.130

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