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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (31493)10/26/1999 5:04:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
heinz: Asked and answered...<g>

Message 11671426

Regards,
LG



To: pater tenebrarum who wrote (31493)10/26/1999 5:16:00 PM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Hi,

Not that I normally discuss stocks, but am noticing something negative with DELL. 4 out of the last 5 trading days for DELL, the intraday highs were right around 40 1/2.

I am suspecting a STAIRSTEP in DELL to the downside to occur shortly. One could argue that it is a basing pattern, but Im more inclined to say it is more of a RECTANGULAR action in a DOWNTREND. Similar to a BEARISH FLAG, in terms of the direction of the resolution.

seeya