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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (8589)	11/14/1998 9:50:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

Morning GZ thanks for your read on the "fork"<g>... i just looked at my P&F chart on DELL.... actually there is super strong support at 60ish..it ran up 20 straight boxes "in P&F speak" to an all time high of 73-74, it just retraced 50% of that runnup to 63, it's 50d mva and first line of support...there was a lot of selling presure abated by days end.. it is my contention with market help next week, and i feel MON will be a big up day for the NDZ, and AG's rate cut???, this stock will move above the 74 level giving a "buy" signal and a breakout... of course my senario is if AG does not cut rates, the "real" bottom on DELL is it's Bearish Resistance Line(BRL) at 41ish....a stellar buying opp,IMO...a no brainer at that number... so i will simply wait for AG...Tues 2:15 pm...yeah/nay???simple as that..... again, thanks for the info....