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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (24961)8/24/1998 1:09:00 AM
From: Bull RidaH  Read Replies (3) | Respond to of 94695
 
David,

Just finished up with Dell chart. IT IS THE ULTIMATE SHORT!! (After Tuesday, 8/25). The consoldation phase over the past few weeks formed a trend ending symmetrical triangle that projected to 123. Upside breaks of these patterns always leads to a bull trap. The subsequent break of 103 will target 72, then 55. I'll be among those establishing short positions this week in this stock.

Regards,

David