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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Olu Emuleomo who wrote (24765)12/11/1997 12:16:00 PM
From: James H. Irwin  Respond to of 176387
 
You are obviously mistaking my brains for a bear market (ursa minor or major?)...I was only playing the trend. Hope you were stopped out on VRTS as it is trading at the days lows.

As for DELL, many think I'm too bearish on Dell stockprice. I just saw a failed attempt at a new high, a lower RS (ala Mr. William O'Neils database) and a lot of tech stocks getting weaker. In a whirlpool almost everything goes down. Too much complacency. Too many people who will follow the Pied Piper into the ocean.

On the other hand we saw a head and shoulders bottom and the neck line is around 86. So that could be a major pivotal point (visually measured, not numerically). Choppiness appears to be the norm in Dell.

Unfortunately, as I posted you yesterday, I covered my short in VRTS.

Wait for at least some successful retracement on DELL for interday trading (I use both 2 minute and 5 minute charts) before covering, or adding to your long positions.

bon chance.
Jim