Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Dell-icious who wrote (74726)	10/26/1998 10:15:00 PM
From: Jeff Mills	Read Replies (3) \| Respond to of 176387

Intraday All Time Tops. In the past year, DELL has hit 7 new intraday all time tops, only to pull back, consolidate/move down, and then move higher once again. The seven times are as follows: 1. October 27, 1997. DELL hits $23 1/8 as an intraday all time high. The stock takes 27 sessions to break away higher, moving as low as 17 1/2 in the cycle (a 24% correction). 2. December 8, 1997. DELL hits $24 1/16 as an intraday all time high. It takes 33 sessions to go higher once again and hits $18 13/16 on the low side of the move (a 22% correction). 3. March 3, 1998. DELL hits an all time intraday high of $36. It takes 35 sessions set a new high. Stock hits a low of $30 1/2 (a 15% correction). 4. May 13, 1998. DELL hits $50. It takes 39 sessions to break thru that high. DELL trades as low as $38 5/8 in that cycle (23% correction). 5. July 17, 1998. DELL hits $59 5/16. It backs down and 23 sessions later it makes a new intraday high. On the low, DELL hits $49 1/8 (17% correction). 6. August 27, 1998. DELL hits $64 15/16 as an intraday alltime high. 19 sessions later it breaks thru, getting as low as $46 7/8 (a 28% correction). 7. September 29, 1998. $70 1/8 new intraday high. 19 days later we still wait. The stock gets as low as $40 3/4, a 42% correction off the high. What is the purpose of this post? In the past year, DELL has hit 7 all time intraday tops, each time taking on average 29.3 sessions to breakaway higher once it hits that top. And on average, the stock falls 24% after it makes the high. Today was session 19 of this latest cycle. Lets see if we can break thru $70 1/8 in the next 10 sessions. I bet we can.