Hello Jerry,
DELL is an interesting stock. I put up a portion of the chart at
Message 6423842. I'll update it as follows:
73 X
72 X O
71 X O
70 X O
69 X X O
68 X O X O *
67 X O X O X *
66 X X O X O X O * < Short Term Downtrend Line
65 X O X O X O X O
64 X O X O X O X O + < Short Term Uptrend Line
63 O X O O X O X +
62 O X O X O +
61 O X O BRL > + X +
60 O X X X O + X
59 O X O X O X O + X X
58 O X O X O X O + X O X
57 O X X O X O X O X X O X
56 O X O X O X O O X O X O X + < Intermediate Uptrend Line
55 O X O X O X O X O X O X +
54 O X O X O X O X O X O X +
53 O X O O O X O X O +
52 O X O X O X +
51 O X O X O +
50 O X O X +
49 O X O X
48 O X O X + < Revised Bullish Support
47 O O X + Line
46 O X +
45 O X +
44 O X +
43 O X +
42 O X +
41 O +
+
(Note: BRL ='s Bullish Resistance Line)
>>my sense is we won't see 61, we'll see 67...in either case i may just hold this position anyway, and let DELL do it's thing next year...Dennis this stock could double in the next 2-3 months...a no brainer...<<
You could well be right Jerry.
I'm currently experimenting with a number of Dave Evans setups, and specifically the 5, 13 and 40 ema's and MACD 8,17,9 -- 13,26,9 -- and 13,34,89 and their relationship to P&F reversals (up and down) and buy/sell signals. The 5 has crossed below the 13 and all MACD's have crossed down.
Guess we'll see.
Take care,
Eric |
