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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?

To: JPR who wrote (1100)	1/17/1998 9:41:00 AM
From: ted birnbaum	Read Replies (2) \| Respond to of 1589

Paul, I looked at dell on the following intervals: 10 min, 30 min, 60 min, daily, weekly here is what I see: on the 10 min I see bullish tipical of the close for a momentum stock like dell. On 30 min i see a basing pattern terminated by a star but having no real meaning. On the 60 min same thing , the stock has not decided to move up or move down, often in this situation i go with the overall trend for the stock as the possible direction. The daily shows some near term weakness , possibly a correction of the recent gains back down to 89 would be my guess. The weekly shows a rejection of the down trend and a powerfull bullish engulfing candle was made last week. In all my GUESS would be that dell will trade sidways with a bias to down for the next few days, then move up to test 100 again.