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To: mishedlo who wrote (163834)5/4/2002 11:43:23 PM
From: Jeff  Respond to of 436258
 
nice post on DELL mish.....

i never follow it....but i know since it was used mainly in the market pump since sept.....i looked at a chart...and well...the next DELL commercial should say....

"dude...dell is toast"

weekly dell chart....

stockcharts.com[h,a]waclyiay[df][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14]&pref=G

key points....big double top breakdown 31.31....30.52....thats a lower high break....if it goes through 23.53 and 22.65....i bet it breaks that 16.00 bottom...and that makes sense since nasdaq is toast anyway...

the real weaknes shows on the full stochastics with a double top failure to get over the stoch 50 level....weak stocks that fail to get up over that 50 are toasted in time.....

and the ADX just crossed bearish and is heading into a bottoming process.....and this is a weekly longterm chart.....and the MACD is failing and turning down under 0...

looking at the chart....the days of using DELL to pump the nasdaq and semi's may be over.....