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To: marginmike who wrote (50132)	8/15/2002 9:45:20 AM
From: AllansAlias	Respond to of 209892

IBM also gapped up over resistance. What we are seeing here is just the picture one would see if we were beginning a very big run in equities. One can not ask the charts to help at this point. One has to use other means to decide if a huge run is in the cards. From another POV, if the market has a downside surprise left in it, this is exactly what it would do to get the greatest number of people looking the wrong way.

To: marginmike who wrote (50132)	8/15/2002 9:45:42 AM
From: JRI	Read Replies (1) \| Respond to of 209892

OT Dell has been handed a "gift" by the HWP-CPQ merger (which is a mess and will be for months, likely years to come)..two biggest competitors, screwing up each other....GTW's gamble on the retail store/funny accounting has permanently eroded their share too. There really is no one else in that space. I think Dell is now a safety stock...a mini-Microsoft play (sure, balance sheet doesn't look as good, but business model sets them apart from all competitors..ok, not a monopoly, but some unique price/systems advantage nonetheless...I bet institutions are loading up on their buys (Dell will not be going out of biz..what else does a tech fund manager buy?) Having said, I think it still sees 16 and below before this is all over ng