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Technology Stocks : DELL TA ONLY
DELL 75.94-1.2%Jan 22 4:00 PM EST

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To: RealMuLan who wrote (189)12/22/1998 1:42:00 PM
From: Loren   of 202
To All...

Here's my look at Dell's TA. I'm new to this thread, not new at all to SI or TA...

Weekly Data: MACD histogram gave a new buy signal this week... a 'new' uptrend has been established. ADX disagrees somewhat... the indicator is not high enough to denote a 'strong' trend.

Daily Data: Stochastic hitting classical overbought territory. RSI approaching same area. Could easily correct during next 2-3 trading days.

So... trend indicators indicate new trend, fueled by buying which has put DELL in short term overbought situation.

What I'm doing: long, holding tight. I tend to buy/sell based on the WEEKLY data, rather than the daily. So I'm riding the trend.


P. S. Regards to Brookelise... recognized you from the Quotes Plus thread, which I used to visit...!
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