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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Grant who wrote (82997)	11/30/1998 10:58:00 PM
From: brian z	Read Replies (1) \| Respond to of 176387

Let's look at market leader Dell Computer, DELL. This stock has several patterns that recently developed that we have discussed in prior Market Call columns. Let me list them for you. You can look at the chart below and clearly see them for yourself. 1. An exhaustion gap that climaxed November 11 with a close of 72 2. Break below head and should neckline today from October 27 through today timeframe 3. Break below 50 day moving average 4. A MACD Sell signal a few days ago that was confirmed by price 5. Break below lowest low of last 20 days 6. Negative Momentum From a technical standpoint, DELL looks like lower prices ahead. I would exit long positions now. An aggressive trader may want to consider a short here. As with all trades, it is critical to use a stop! I would place my stop at 65. investorlinks.com