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Technology Stocks : Dell Technologies Inc.

DELL 117.44

-1.6%

3:59 PM EST

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To: TREND1 who wrote (110607)	3/22/1999 10:22:00 AM
From: JH	Read Replies (1) of 176387

TA levels to help bottom pickers: 50% retracement level from October 1998's bottom ($20.375) and February 1999 peaks ($55) is at $37.6875. Aggressive daytraders can try their luck defending this support level. In fact, RT quotes show a big battle going on right at this moment at this level. Down below, there was a breakout gap at $34 to 34.25 and also another breakout gap at $32.875 to 33.125 during the rally back in Dec.1998. Good luck to the "longs" ! A good strategy here is to short April 35 puts at $2 or higher. Support at around $33 should hold, barring a major disaster.

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