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

To: Craig Lieberman who wrote (60246)	8/22/1998 11:48:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Craig, I take the TA'ers and BEARS appearance as a contrarian sign to buy. That strategy works since they come out in droves after a few days of downward movement, and we know that Dell is trading near it's all time high. My favorite TA silliness is their insistence that certain prices are more important than others. For example, why do they think the closing price is more important than the price at 3:00 PM? The decision of the markets to close at 4 is arbitrary, but if the markets decided to close at 3:00 would that be the time they would seize on, or would it be 11:00 AM of the following day? (For those of you who are TAers, I am being satirical). DELL moved up sharply this week, certainly outperforming the NASDAQ by a wide margin. But what do we hear from Stock Bull? That Dell didn't recover as well as the NASDAQ on Friday and closed near its low. The NASDAQ is down more than 10% from its high, but Dell is down less than 4% from its high (which it set the day before). All of this apparently pales in comparison with Dell's price movements in the last hour or so. Amazing! TTFN, CTC