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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (17773)	11/15/1998 12:49:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

Chris, I concur with 60 as DELL support. That is where I have my line in the sand also <g>. As for your sell signal, what is it based on? I show the market weakness, pause whatever you wanted to call this past week almost finished on my indicator. I am expecting a buy signal to come soon although as I have been saying for a while, I definately concur that the Fed moves the market Tuesday one way or the other. I am curious about your sell signal since what I consider the giants of indicators all have bullish patterns other than DELL for obvious reasons. PG is still trending up, IBM put in a nice bull flag, Trannies and Utilities have been up the last few days and all the other stocks I watch except the ones I have calls in of course are either trending up or vatching their breath but are signalling further climbs. As for DELL, I saw Mikey on NBR Friday and one thing caught my ear. He said they would have no problem having 25% growth over the next 5 years. 25% growth does not equal a PE of 80. If that is the type of stuff he is saying to analysts now, look out below. I trade lots of companies that are growing at around 30-100 percent and they get PEs from 15 to 35 since the correction. If the Fed doesn't cut, this is going to be a really interesting holiday season. <g> Good Luck Lee