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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth R Miller who wrote (9028)	5/29/1998 1:11:00 AM
From: Chris	Respond to of 42787

first we gotta confirm the bottom.. we haven't found it yet. so far , a rough guess would be at the lows for the recent pullback (ie: ~82) if 82 does not hold then we will see 78. dell IS not going to zoom up without us.. we just wait for DELL to give us the signals. im also fearing that we will have another down move in the mkt next week. this recent 150 intraday drop was merely a warning trigger. refer to my post on my opinions on august- oct 27 crash and how it came about.

To: Kenneth R Miller who wrote (9028)	5/29/1998 1:28:00 AM
From: Jack T. Pearson	Respond to of 42787

Sometimes DELL defies gravity. But I don't think now is such a time. I think it is too soon for DELL to run up again in any sustained way. Based on past performance, I believe DELL will probably hold in the 80's for another month before moving higher. But very good or very bad news could move it. IMHO, the downside risk from bad news (interest rates, negative economic news, negative sales or earnings news from other companies, etc.) is currently greater than the upside potential. As the market drifts lower, it will be interesting to see if the trading programs kick in as they did on Wednesday. If they do, I suspect it will be at a lower level.