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Technology Stocks : Dell Technologies Inc.
DELL 129.94-6.2%3:59 PM EST

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To: Jeff Mills who wrote (109821)3/17/1999 10:52:00 AM
From: Fangorn  Read Replies (1) of 176387
 
Jeff,

re >I would say that if DELL does not top $55 in the next 9 (which would be 39 sessions
total, much like cycle 4) sessions--either this model has become totally useless <ggg> or
DELL is not the stock it once was.<

You should consider a third possibility. Dell's run to 110 was obviously overdone even by Dell's standard. I think you would be justified in considering this particular high as an anomaly and not as an invalidation of your model. The spike to 110 is very obvious on a 1 or 2 year chart, i.e. it broke above the rising trend line that you could draw along the previous highs. If it had topped out at ~95 it would have been right in line with the trend over that period. Can anyone say parabolic? ggggg

edit... I never for a second considered the second possibility that Dell might not be the same stock it once was. Call me DELLusional if you want but like Kemble I drool when I think about China and the rest of the developing countries around the world.
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