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From a bigger picture it looks as though DELL has been consolidating for about 6 months now, similar to what it did at the end of 1997. The start of 1998 was met with a DELL explosion. The start of 1997 was met with a DELL explosion. The explosion in 1996 occurred later in the year, but also after a basing period of about 6 months. Each period of rapid growth occured when the 50dma moved close to our touched the 200dma exactly as is happening how. If the history repeats we would see a move up to 200 (wow!) over the first six months of 1999. I can live with that. Eric
I agree with Brookleise, this stock is a bit ahead of itself. The gaps created about a month ago were filled today, but in doing so it created another gap, this time on the downside. Dell has a very good history of filling its gaps so I look for the stock to move down to Thursday's high at some point in the near future. I sold at the 71 gap yesterday and will buy back when the new gap is filled.