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

To: Chris who wrote (11279)	7/7/1998 4:39:00 PM
From: Margaret Mateer	Read Replies (2) \| Respond to of 42787

Chris, Regarding Dell, Chartcraft just reported the chart has formed a Bullish Shakeout Formation. This is one of Tom Dorsey's favorite patterns because it has a high degree of reliability. There are six characteristics of a true bullish shakeout formation (see Tom's book - "Point and Figure Charting") and Dell's chart has all of them present. From my reading of this section of his book, it's best to use this pattern for trading and to enter when the stock is on the first 3-box reversal back up (this would put the action point for entry into Dell at 93) - In Tom's words, this is where we would know that demand is back in control. I've been angsting over Dell so I hope this information is a help to other angsters as well. IMHO Peggy