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

To: KM who wrote (97649)	2/12/1999 9:01:00 AM
From: VICTORIA GATE, MD	Read Replies (4) \| Respond to of 176387

Trufflette rem this DELL WILL NOT BE THE SAME VG

To: KM who wrote (97649)	2/12/1999 9:16:00 AM
From: Jeff Mills	Respond to of 176387

A continuation of my "30/24" DELL Principle (ie. DELL hits an all time high, retracts 24% off that high and breaks thru ~ 30 sessions later): Please read here for the first installment of the principle: Message 6172063 I have added a new clause into the rule that says DELL has 6 sessions to break thru an all time high after one is set. If it fails, then we can apply the principle. Updated version: End of Cycle 7. It took exactly 30 sessions for the September 28th all time high ($69 1/4) to be taken out. November 10th it traded into new territory. Cycle 8. November 11, 1998. $73 1/2 new intraday high. It takes 29 sessions to break thru that high. DELL trades as low as $59 5/8 in that cycle (19% correction). Cycle 9. New high reset on February 2, 1999. $110. 6 day grace period has been breached. Therefore if we apply the 30/24 principle--a 24% retraction would take us to $83.60. Today is session #9 in the cycle. $83.60 looks like a good bottom based on this data that has occured in the last 8 cycles. We are possibly looking at ~ 21 more sessions (4 weeks+) before DELL breaks thru $110 again. If it ever does...:-) Long Dell, Jeff