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

To: Joseph Francis Torti who wrote (85033)	12/13/1998 2:23:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 176387

HI Joe.. OK that's what i was thinking but not sure... My read on the markets and DELL>.. I'm thinking after looking at the SPX & DJIA..we're going to get further downside action in the next 2 weeks... Actually DELL held very well over the past 2-3 days of negative bias...However volume is lower than ever right now..RS is still neg..and if we touch 59-60, i'm afraid we could go lower of the market heads down too...58 is death for DELL....64 is a sell signal... Now for P&F Update...another serious indicator just went negative...it's called th Optional Bullish Percent..it the MAIN precursor to the BIG BOY Dorsey Indicator The "NYSEBP"...from going negative as well... I looked at the DJIA..this index broke a double bottom at 8750..a 3 box reversal up to 8900-9050, IMO, would create a larger move down to 8350 level..this chart looks to me like it's rolling over and down...so is the SPX & SOX.... the SPX has hit support at 1155 3 times now...i don't think it will hold again..it could run up to 1175, but i feel the same senario would occur here as well..it would selloff and crash thru 1155 down to 1135...this level would be a wonderful buying opportunity... So with Impeachment coming from the House on Thurs...and the FOMC meeting coming Dec 22nd...with IMO NO RATE CUT!!! in the cards..There will be no Santa Claus Rally this year... reagrds to all, Jerry