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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: donald sew who wrote (56250)10/24/1998 9:54:00 PM
From: ViperChick Secret Agent 006.9  Respond to of 58727
 
Don

I really am not going to try to explain that P&F reversal because I would only screw it up ..
so I looked for a post from Jan about my question
and there is a little more discussion about it in a few more posts after that
Message 6113226

Basically someone PM'ed that the relative strength had reversed (which is a negative) and then I asked Jan some questions about it...

now I have to go print out that post that lee made to me.....have to go lay down on my couch and put my thinking cap on ;-)



To: donald sew who wrote (56250)10/24/1998 11:54:00 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 58727
 
Donald,
Saw Lisa's response. So that you don't have to dig....

RS reversed to negative, which is a bad thing. DELL is still above bearish support line, a good thing. And if DELL can break the double top by going to $60, it will complete a nice series of higher highs and higher lows, a good thing (however double top resistance appears to be holding and first support level is at $53. Basically, it means that the chart doesn't look horrible, but that DELL looks to be underperforming the market in the near future.
Tom