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Strategies & Market Trends : Waiting for the big Kahuna

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To: bob wallace who wrote (34787)12/2/1998 10:56:00 AM
From: Moominoid  Read Replies (1) of 94695
 
I'm wondering whether I'm wrong about DELL right now <g>

Already covered short once and started again this morning at 65 1/16.

I'd look for a clear sign of reversal on a daily chart to be sure I was wrong.

Have a look at PPOD. I'm short that and more certain that I'm right about that one. Looks like descending triangle on 15 min and one day reversal on daily chart. BWDIK I'm pretty new to this pattern stuff.

On the other hand I don't think it is overvalued on fundamentals.

David

PS I just put a stop on DELL at 68. It has to cross an unfilled interday gap to reach that.
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