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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Warthog who wrote (30902)	7/10/1999 10:53:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79236

Wart, It looks to me like 6/1 was the start of an ACT on DELL. The IL from there is an easy one to construct. The 49 or 50 area is likely to give it some trouble. If it gets through there with strength, there could be some IL violation waiting to happen. The IL is currently in the mid-60's. In a month it'll be in the 70's. Although there's nothing to say a stock will ever reach any given IL, DELL's looks "impossible" enough. The launch of the stock is very typical of a stock that takes a run at the IL. This is also the most volatile period in such a run. Loose stops are better from here through the next couple weeks. After a trend anchor is set (which will be the last best opportunity to participate) stops can be tightened a bit. This one should be quite a ride. Doug R