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

To: Venkie who wrote (34565)	3/16/1998 5:16:00 PM
From: Sabrejet	Respond to of 176387

Good response V. I have on my charts a not so bullish indication for the tech sector mid-term. As a holder of DELL myself, we are at a top in this market short term. Today's run was an indication of a scary scenerio ahead. I can't predict the actual top but I sold ALL positions but DELL today and wound up hedging that one. The move\lack of move in DELL on heavy distribution, still, has me concerned. I have back tested a few indicators and see a reversal. I still think you can make good money trading issues but investments are a resounding "no-way" on my charts. Once short interest dries a bit more in the overall market, we may see a long squeeze with little earnings\low growth supporting the downturn. I don't know how much short covering had to do with today's run but new money at these levels is .... gutsy!!! Just my opinion. I may be wrong but have decided not to be a pig!! I've locked in a great return for the year and will sleep well tonight! seczebra