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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!!!
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