SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (56232)10/24/1998 2:10:00 PM
From: donald sew  Read Replies (3) | Respond to of 58727
 
Lisa,

On DELL, it could be argued that it is either making an ASYMETRICAL TRIANGLE or a PENNANT. Regardless we are not at the apex and I am more inclined that it should break to the downside.

I went on a CLASS 1 SELL signal to only play the initial sell, and it turned out better than expected, so there was luck there.

Here is some food for thought. Last TUE, the NAZ pulled back sustantially off its intraday's highs, only to rebound and set newer highs by FRIDAY. DELL also dropped on that TUE, and rebounded, but could only test TUE's highs at 60.

I am not certain of anything, but DELL does not appear to be as strong as many think it is.

For the time being I am suspecting that DELL may be doing a TECHNICAL DELAYED PEAK. Since I use to be in the resaurant biz and because I am Chinese, I came up with a new term for this formation and that is a "DOUBLE UPSIDE-DOWN WOK". If anyone is confused with my terminology - it means a DOUBLE TOP. Since I am originally from NYC, Brooklyn specificly, I do not have the knowledge that LG has for his ROAD KILL ANALYSIS, but I can handle the CHINESE KITCHEN ANALYSIS. GGGGGGGGGGGGGGGGGGGGGGGGGGGG

Seeya



To: ViperChick Secret Agent 006.9 who wrote (56232)10/24/1998 7:25:00 PM
From: Dell-icious  Read Replies (1) | Respond to of 58727
 
On the other hand, maybe they are keeping DELL down below 60, to fake people out into believing it is weak, and it might surge to new highs in the next couple of weeks in the runup to earnings Nov 12. I am not a TA person, so I cannot argue with the indicators that some people have posted here about DELL being weak recently, but from anecdotal evidence in the past, DELL has gone though periods of low volume consolidation before launching a 2-week breakout.
Dell-icious