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

To: Lee who wrote (63291)	9/2/1998 4:02:00 PM
From: Mohan Marette	Respond to of 176388

Hi Lee looks like we need to catch some 'waves' here hope it is not Elliot's<vbg> Seems like somebody ran out of cash for the day by the end of the day.

To: Lee who wrote (63291)	9/2/1998 6:50:00 PM
From: Jim Patterson	Read Replies (1) \| Respond to of 176388

RE: Is this the methodology you are using to select your buy and sell points? No. As far as selecting and trading stocks, the waves are to choppy and can be very unclear. Yes, when it comes to general market direction. He has been so accurate for the past 8-10 weeks, it is almost frightening. I fought the bull in its latter stages, and this insistance that the Bull had run its course, before the top was reached, severly dampened my performance results, and prevented me from seeing how well one can perform using the principles of wave formation. Now that we are in the early stages of a bear market, I can see and feel what is going on. (This is not a boast, but more of a Gee, is this stuff that good, or am I just lucky) For the past 1-2 weeks, I have been picking the tops and bottoms, Make or break points for the S&P's with incredable accuracy. I don't trade these, and I have no proof of this, I hope you will accept my word on this one. But my point is I have never seen the whole picture come togeather in the way things are unfolding. Going forward, If the S&P's (sep contract) can go above 1006.5, then we should be able to make it to 1015, take that out and 1040 will be the mark. I expect the market to open up and trade up towards 1006 area then fail. Target is at least 970, most likely on down to a new low. Though it is not guranteed that we will break the low on the upcoming selloff. odds favor a new low by the end of trading on friday. Now, Prector was early. His target in 1983 was about 3600. Remember that was in a time when no one though the market could sustain it current rally above 1000. People thought he was crazy then, I guess depending on how much people like him is inversely proportional to how axccurate he will be. Time will prove us all right or wrong. I think the buy and hold era has ended. Dell will be no exception. Jim