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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (6190)	2/12/1999 8:56:00 AM
From: Jurgen	Read Replies (2) \| Respond to of 99985

Looks like DELL could make this a short-lived recovery: 08:44 ET Dell Computer (DELL) 101 7/8: According to CNBC, analysts from BB Robertson Stephens and Salomon Smith Barney concerned that pressure heating up in the PC direct marketing space; while analysts believe DELL likely to meet earnings when company reports earnings on Tuesday, believes top-line and average selling price (ASP) could be soft. Currently, Robertson Stephens' Dan Niles rates DELL a "market perform," while Smith Barney's Richard Gardner rates issue a "neutral." DELL shares indicated 7 3/8 pts lower in pre-market, after rising 39% since the beginning of the year.

To: HairBall who wrote (6190)	2/13/1999 2:22:00 AM
From: Art C.	Read Replies (1) \| Respond to of 99985

LG----I didn't try to get it down to the nth degree to be honest. This is what I'm looking at. Draw a horizontal line from the low of Jan. 4th, for the bottom part of the triangle, and another line from the high at Jan. 8 to the high of Feb. 1.. I you will notice, the highs and lows following those dates will extend above and below those lines, but the closes are still contained within the triangle. I think that if it closes outside the confines of the triangle that's the direction it's heading. Personally I think that we are heading for a fall---big time, and I have to admit I have nothing to back that up with but old age and gut feeling. Art