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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (27320)3/11/1999 2:05:00 PM
From: Kim  Read Replies (1) | Respond to of 79243
 
hi
is that Dell "low" anything like that Seek "low"? : )

kim



To: Doug R who wrote (27320)3/11/1999 2:32:00 PM
From: Michael L.  Respond to of 79243
 
Doug, still watching DELL. I think it will establish a new uptrend but will wait until a clear sign. May go lower than 41. It's such a nice sell off that may be will play the technical bounce with a small position. COMS does not give me any chance to get in. Michael



To: Doug R who wrote (27320)3/11/1999 7:17:00 PM
From: Alski  Respond to of 79243
 
Dougr,
Dell is certainly looking like a typical "post split bounce sell off" to me. It is, however, hardly typical since it was preceded by "the correction" I hope it doesn't, but I won't be to surprised to see it under 38.5, perhaps as low as 36.5ish, in the near future. I won't know what to think if it goes below that.

Anyway, DELL's chart begs a basic TA question. When drawing trend lines, should one tend to ignore that spike on 10/8/98 as an anomaly, or must one follow the strictest rules to be accurate. It sure does mess up the chart.

Alski