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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (34618)	11/30/1998 1:30:00 PM
From: bob wallace	Respond to of 94695

Don << DELL has now completed a complete cycle where it has produced a LOWER HIGH & LOWER LOW. If it gets near the previous peak around 67 or close to it, its a viable short>> DELL I think is falling from a chart formation called a spike and ledge, it should really not get much higher than 65 -- if it did, I wouldn't consider it a short, I consider it a failed short pattern regards Bob

To: donald sew who wrote (34618)	11/30/1998 1:42:00 PM
From: bobby beara	Respond to of 94695

Donald, I have noticed the boxmakers have been weak relative to xci in this cycle. Unless we have some kind of dramatic reversal, Oscillator will go negative today, breaking the uptrend from the 9/1 lows. Put/call ratio in the face of this decline bearish. Retail investors snapping up calls on internet stocks on this pullback -g- I believe we will get a short term bottom when we make a -150-200 reading in the oscillator, that will be the mo bottom that will create a short term buy signal for a suckers rally, then we will drop into a price low. bb

To: donald sew who wrote (34618)	11/30/1998 2:05:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 94695

<<OT - DELL has now completed a complete cycle where it has produced a LOWER HIGH & LOWER LOW. If it gets near the previous peak around 67 or close to it, its a viable short. >. Does this mean you think DELL will go higher from here? Thanks.