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

To: LWolf who wrote (69950)	10/7/1998 4:03:00 PM
From: MichaelW	Read Replies (1) \| Respond to of 176387

If the bears stay in control there will be much more suffering. I believe the market has discounted the worst. We'll see.

To: LWolf who wrote (69950)	10/7/1998 4:15:00 PM
From: stock bull	Read Replies (2) \| Respond to of 176387

Hi Laura & All, Dell closed at 50 9/16, down 4 3/4, vol. 51.6 million shares. I believe this is the highest daily volume since Dell's correction began. The stock closed above 50. I estimated the resistance level to be 52 (this is within 2.8% of the closing price). So, on can conclude that the stock held at the resistance level on very high volume. If one believes in TA, than one can conclude that this is good news. The next thing we would want to see is the stock rally and than re-test the 51 - 52 range on lower volume, say 38 - 39 million shares. If the re-testing holds, the stock should than see a meaningful rally. Comments appreciated. Stock Bull