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To: Christopher who wrote (47963)	2/13/1999 3:46:00 PM
From: Christopher	Read Replies (1) \| Respond to of 97611

Jim, Did you buy your box of Kleenex in time!!! You may need it on Tuesday!!! Christopher

To: Christopher who wrote (47963)	2/13/1999 4:16:00 PM
From: Christopher	Read Replies (3) \| Respond to of 97611

How did I know that DELL was under heavy selling by institutions!? For those that are not into TA, you may be wondering how I can tell that institutions are buying or selling a stock very heavily. Let us hope I can make some sense here. Amateurs(you and I are called amateurs by professionals) control the opening price of a stock. Here is how it is done. Amateurs read the news in the evenings and then put an order to buy or sell a stock using the internet or they call their brokers in the morning before they go to work and put an order to buy or sell a stock. This is how they control the opening price of a stock. As an example, DELL opened down by over 7 dollars last Friday. The selling was being done by amateurs. Market Makers normally react to this. When the stock market opens at 9:30 A.M., if there are many orders to buy a stock then they will jack up the price. If there are many orders to sell like it was the case with DELL then they will lower the price. While amateurs control the opening price of a stock, professionals control the closing price of a stock. He who controls the closing price of a stock wins which explain why professional usually win. Here is how they do it. Professionals usually watch amateurs during the day to see what they are doing and they usually trade against them during the last hour or half hour. The DOW usually shoots up or down during the last hour of trading reflecting the professional move. Watch CNBC or the DOW daily charts and you will see what I am talking about. Professionals normally watch what amateurs are doing during the day. If amateurs are selling during the day then they will drive prices down and professionals react by buying during the last hour on dips. If amateurs are buying during the day then they will drive prices up and professionals will sell into the rally. This is how they make their money. I have a TA indicator called Accumulation/Distribution. It plots the opening price of a stock versus the closing price. If the closing price of a stock is higher then the opening price then this means that professionals are buying into the dips. If the closing price is lower then the opening price then this means that professionals are selling into the rally's. I can watch this actions over several months to see if professionals are buying or selling a stock overall. This is how I was able to figure out that institutions were selling DELL from July to December. That tells you that institution knows something that the public don't know yet. Hope this was a clear explanation. If you have any questions then please let me know. Christopher