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   Technology StocksDELL TA ONLY


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To: KELLIS who wrote (183)12/21/1998 9:41:00 PM
From: zalesky
   of 202
 
To Kellis: Yes Sir, you've got the idea!! Today was
a Classic technical breakout after weeks of trading
in the 60s. We're on our way up to 92!!!

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To: KELLIS who wrote (183)12/21/1998 10:38:00 PM
From: TechTrader42
   of 202
 
"Is today considered to be a technical breakout?"

This is what's known as overbought.

Brooke

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To: TechTrader42 who wrote (185)12/21/1998 11:00:00 PM
From: Michael Young
   of 202
 
<<This is what's known as overbought. >>

Huh?

A breakout on good volume from a consolidation period is hardly "overbought." The stock is not extended at all.

MIKE

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To: Michael Young who wrote (186)12/21/1998 11:09:00 PM
From: TechTrader42
   of 202
 
"The stock is not extended at all.

Check out shorter-term indicators such as CCI(13). Overbought.

It's got two gaps in a row, too. Walkin' on air, it is. Those gaps are gonna get filled.

Brooke

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To: TechTrader42 who wrote (187)12/22/1998 7:20:00 AM
From: Rob L.
   of 202
 
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.

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To: Michael Young who wrote (186)12/22/1998 12:15:00 PM
From: RealMuLan
   of 202
 
Take a look at the Bollinger Bands since Aug. you will know what will happen to DELL in the next couple of days.

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To: RealMuLan who wrote (189)12/22/1998 1:23:00 PM
From: pigfarmer
   of 202
 
i don't know anyting about bollinger bands but i would love to know what you think


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To: pigfarmer who wrote (190)12/22/1998 1:38:00 PM
From: RealMuLan
   of 202
 
Basically, Bollinger bands assume the stock price tends to run between the higher band and lower band. If the price goes outside the range, it tends to come back to between the range. So if you apply this to DELL daily chart, in mid-July, late Aug., late Sep., and Nov. 9th or so, you can see the stock price was at or surpassed the upper band, and all these were followed by a pull back. As of today, the Dell price still sits outside the upper band. Of course, it will also depend on the broad market for the degree of the pull-back. For the demonstration purpose, here is a link to dell 6-month daily chart. BTW, I am just learning, so not at all know much about tech analysis. Maybe some others can explain more clear.
bigcharts.com

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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.

Loren

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

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To: RealMuLan who wrote (191)12/22/1998 2:05:00 PM
From: TechTrader42
   of 202
 
I agree with you about the pullback. However, there's something else interesting about those bands. Notice how breakouts occur when the bands contract. The bands are somewhat contracted now, so while I believe the stock's in for a short-term pullback, it could move higher after that. But the contraction in the bands can also signal a breakout to the downside. With a stock like DELL, which is trending up over the long term, this is less likely.

Brooke

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