To: Sig who wrote (124247 ) 5/13/1999 1:10:00 AM From: Boplicity Respond to
It was a good day I was happy that AWRE seems to have gotten back into gear. This is for Donnie and anyone else, since he is learning TA. I said today if IBM, HWP, MOT, CSCO can hit new highs then DELL could. Take a look at HWP. It has formed a nice cub and handle and seems to have broken out from the handle as of today. It has taken two years for MOT to come back it has turn back from the high in 97, that would be called resistance, although I for one find it hard to believe that someone would hold for two years and then sell after all that time. IBM based for four months then broke out, notice that vol... spike on 4/22 that was the flag that said "BUY ME" that was the earning date where they smashed earnings. Now look at CSCO, same sort of vol... spike today but the action was much more choppy then IBM during the base period, less conviction, so IBM in my mind would be the better buy at after the vol... spike. We will see who does better CSCO or IBM. Last but not least our DELL. DELL had a blow off top, so it's chart looks worse then the others. Many attempts to move higher only to fail, causing more people to buy then end up holding at a loss, these investors could offer up resistance and sell happy to get it out with little to no gain once DELL reaches their buy price. First lot of investors that might want to get out is at 45 or so the next is at 47. I would like see DELL go through these points with higher VOL... That would say to me that there are many more investors that want to get in then to get out, simple and logical. But the here is where TA can and does fail to predict investor mindset correctly, NEWS, better earnings, deals, general market conditions, are the unknowns and boogey men of TA. So TA is not the be all to end all, just one of the tools to use but not in a religious way.
