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

To: Jerome Wittamer who wrote (94508)	2/3/1999 6:25:00 PM
From: On the QT	Read Replies (2) \| Respond to of 176387

Hi Jerome, I don't know enough about the TA frame of reference to contribute an informed opinion. I will go on record to say there is sufficient evidence to suggest that a few have shown that their ability to profitably use TA as a matter of record. I find that it seems to be, at least in part, a matter of interpretation. Hence, it is difficult to determine how much of TA is science and how much is art. I really think it has value and I respect those who do well with it. It seems certain patterns are more reliable than others. I have indicated in the past that I was going to immerse myself in this at some point in my development. Other aspects of skill development are currently occupying my time. Normally, I would agree that when the collective body of the investment community becomes too positive, history suggests that the market could be oversold and overpriced. According to Scott Black, Delphi Management President, The Market is 27 expected earnings and 7 times book and 1.1% yield, the highest since WW 11, yet there is great liquidity." So in spite of that he sees a further upside. I am somewhat cautious, from a strategic investment point of view, I still see securities (large caps) as the place to be. With regard to the Dell thread, I have lurked here about 3 years prior to actively participating for a short time. The players are usually ebullient when Dell does well and generally positive when things are not going as well. Since Dell usually does well they (we) are generally positively ebullient:) Certainly today, in what appeared to be an up NASDAQ day, generally produced flat sector results. Intel the exception. Moreover, Dell moved contrary to what would appear to be "normal". Now the question is why? You in a sense called it. For those of us who did or do not use TA to explain or to predict market/stock moves, I would think it would have to be at a level of "not normal" for a period of time before we can reasonably explain it as you suggested. Then again, you may see it differently. You are exhibiting observations that may go beyond standard TA? You seem open to viewing your decisions from a number of different perspectives. Regards, QT PS I have been reading Joe Granville's New Strategy of Stock Market Timing . He recently appeared on CNBC and more or less saw Bearish indicators rising to a point where short term, he is expecting a market turn back. On the other hand some pretty well respected tech. see plenty of room for going forward with no near term retracement. That can be a little confusing. I am open to learning more, I think! However, I come from the Joe Battapaglia school of thought ,so it probably will influence my professed declaration of "openness".:)