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The problem with Dell is that the volume is always so very high that it is difficult to use it to really gauge accumulation. I use TC2000 and the BOP is seldom a good indicator simply because dell trades more in one day than many stocks do in a week.
The trend is still intact and talking heads are saying good things about the box makers. See JJCramer today on thestreet.com. Option investor newsletter is touting IBM as their pick right now which is good for the tech sector. CPQ is down today which is a little troubling but gtw is up.
To all: Well not really much of a rally for my favorite PC company with the move the NASDAQ made today. However, I did like the fact it finished near the high of the day with somewhat higher volume than the day before. I've owned Dell several times before and it never fails-just when you think it will base for a few more weeks, BOOM she explodes to the upside!! We're close folks, VERY, VERY CLOSE!!! LETS MAKE SOME $$$!!!!
To DS: Sorry Dave, I think its time to throw in the shorting towel. Forget about shorting this market right now. With folks already buying in for the January Rally the momentum is definitely UP, UP and to the MOON!!! Don't kid yourself about Dell. Sure its been basing here now for 3 to 4 weeks and yes all those silly analysts are recommending CPQ. But ya know what? Michael Dell and Crew cannot and will not be beaten. This company will surge to their favorite 92 dollar hangout within a few weeks. Get out and go long. Remember long on Dell = BIG $$$$. GOOD LUCK, HAPPY HOLIDAYS AND MAY THE GREAT TRADES BE YOURS!!!