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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bill jenkins who wrote (20998)	5/7/1999 2:58:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Out of all the possible stocks to play, why play DELL? Heck even the tech generals and leadership are not doing well. The NASDAQ market will need to improve before DELL gets back into the limelight where there will be a playable potential risk to reward. Remember not only to consider the potential reward, but also consider the risk of a trade. Rely on proven setups and wait for them to happen. Very few can trade by the seat of their pants. And in time many of them do get thrown out of the market which leaves very, very few successful traders of this type. Are you looking at the apparent congestion pattern and diminishing volume for this call of yours? This congestion pattern is not like the well-defined triangles that you read about in the book. It is a wide congestion area that tends to contain price moves. Prices can run and then reverse to run the other direction, or go nowhere. Even reverse where there is no apparent S&R. I would wait or a breakout from this congestion area. Or if you have the particular talent in playing congestion areas, maybe profits can be made within this congestion area. If anything, this stock has a downward bias right now even though it is trying to move up as I write this. Bob Graham