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


To: Keith Howells who wrote (75784)10/30/1998 9:01:00 AM
From: Jerry Miller  Respond to of 176387
 
...thanks Keith.



To: Keith Howells who wrote (75784)10/30/1998 9:19:00 AM
From: Jeff Mills  Read Replies (1) | Respond to of 176387
 
<<Next stop 70?>>

Next stop will be to break the old intraday high of $69 1/4. This should occur during the next 7 sessions if the 30/24 Theory holds true for the 7th consecutive time this year ( ie. once an all time high is set, it has taken on average ~ 30 sessions to clear that old high and set a new one--and the stock falls on average 24% during that cylce to break the old high).

This cycle we got a 42% correction and today is the 23rd session in the latest cycle. Also, once DELL breaks thru, it is difficult to say where the next top will be put in. Sometimes it occurs a couple of sessions later, and sometimes 33 sessions later--as was the case in the February run.