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Joe,
You could be right. That's a risk I take when I'm bottom fishing, but
if the bottom doesn't hold I'll be stopped out with a small loss and can try
again later.
JimG
-----Original Message-----
From: Joseph Ehardt <jehardt@xxxxxxxxxxxxxx>
To: MetaStock Discussion <metastock@xxxxxxxxxxxxx>
Date: Sunday, February 21, 1999 10:34 AM
Subject: DELL hasn't bottomed yet
>In my opinion, DELL has not made a bottom in its correction from $110.
>
>The hourly chart suggests that the low on February 17th of $77 will be
>broken, with a key bottom to be made at about $72. If realized, this would
>represent about a 35% correction and a short-term buying opportunity. A
>possible rally target from $72 would be $84 and $95.
>
>My prediction would be suspect if DELL rallied immediately on Monday from
>Friday's close upto and above the gap at the $84 level, but I don't think
>this will happen.
>
>Joe
>
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