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Strategies & Market Trends : Tech Stock Options
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To: Pablo Escobar who wrote (58221)12/2/1998 3:23:00 PM
From: donald sew   of 58727
 
Pablo,

>>>>>>> Dell viable short at 67+. The other day you mentioned that
dell might be a good short at the 67 range. Well here we are dell was just at 67.25. <<<<<<<<<

I just checked my short-term technicals and I got a reading of 78 which is approaching the overbought region already, but is not yet a CLASS SELL.

There was a minor peak around 67 made 6 days ago. Some may say that DELL just set a higher high; however I feel that such peak is too minor to be that important. The crucial peak is now at 72 and as long as we stay below 72 it is a viable short.

Per my short-term technicals DELL could become a CLASS SELL within 1-3 days, if it doesnt turn down right from here. I will not initiate a PUT on DELL unless I got a CLASS SELL signal, so I may miss it if it turns from here, but my system say it can move up a little more.

Seeya
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