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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (9588)	11/13/1998 6:39:00 PM
From: Dennis J.	Respond to of 34811

Hi Tom, Yes, I will be there, but only Friday night. I look forward to visiting with you. Re DELL, assume you read the DELL thread, and visit the DELL clubhouse. Luc Taurus writes negatively about DELL, and claims a large put position. His bio says he lives in Dalla$, and he infers that he knows some DELL employees. May want to check the insiders trading reports. As I see DELL, it still looks great on a weekly candle chart, and on P&F. BUT, the daily plots are weird. From mid-July, you can draw trendlines for both higher highs and lower lows. With downgrades, just after the new highs, a lot of stock could be unloaded at near-record prices, without drawing much attention. So I see it being hard to make headway on the upside, and with a possible downgrading of multiples contributing to a possible retest of the low 60's or below. Simply, the momentum may soon be gone. EGGS.COM Don't really know. They had trouble making it in retail stores, and may be riding the multiple-effect of other internet stocks, which could imply higher prices short-term. You gotta give some respect to ol' OJ. <G> However, I wonder what would happen to EGGS.COM iff --- AMAZON.COM started selling software. Take a look at CPU. Seeya Friday. Dennis