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


To: Smooth Drive who wrote (10488)11/29/1998 5:06:00 PM
From: Jerry Olson  Read Replies (1) | Respond to of 34823
 
Hello Eric

thanks for your take on DELL...interesting is putting it mildly...

DELL is lagging the entire run right now...it's basing for a move some where<ggg>...

here's my senario...if the market continues on it's current path UP, DELL will then begin to move higher...if we selloff some what, sure it will tank...it actually looks like it wants to go down...

but i'm not so sure...the mva's can change in a heart beat...and so can DELL...i'm watching the low volume on the stock..a good sign for me...

But Eric either way, the chart is interesting huh?? looks like a triangle forming to explode/implode one way or the other..

thanks for the looksee....

now do me a favor...ATHM...i like this stock...



To: Smooth Drive who wrote (10488)11/30/1998 10:54:00 AM
From: Jerry Olson  Respond to of 34823
 
Hi Eric

well it looks like mr.DELL is heading south...

the P&F charts don't lie....

i thought if the market sold off some, it would head down...

now when it hits bottom, i'll double down...and I never average down...

good call Eric...



To: Smooth Drive who wrote (10488)11/30/1998 11:37:00 AM
From: Les H  Respond to of 34823
 
Do you have a P&F RS chart for DELL? Both the Daily and Weekly 12-25-9 RS MACD has been going south for over a month.