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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (45939)	1/8/2002 12:43:08 AM
From: stockman_scott	Respond to of 65232

From John Murphy today on DELL... DELL BREAKING OUT... DELL is one of the most active Nasdaq stocks -- also following a brokerage upgrade. It's in an even stronger technical position than Compaq. The first chart below shows DELL on the verge of breaking through its December high at 30. It's also above its 200-day moving average -- and the (blue) 50-day line has crossed over its (red) 200-day line. While the daily chart shows a potential short-term upside breakout taking place, the weekly chart shows that DELL may be nearing a long-term breakout as well. The weekly chart shows DELL moving up to test the top of an apparent yearlong basing pattern which has the look of a "double bottom". A decisive close over its April intra-day high at 31.31 (on expanding volume) would represent a major bullish breakout in this big Nasdaq stock.