Dell looks ugly here. If the market rallies it could get a bounce but the chart doesn't lie. On January 23rd it hit a low of $18.87 and tested that low again Thursday.The last real level of support was back on July 24,2006. I will get short on a break below $18.84
Sunday, February 10, 2008
Dell Computer- Chart
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
2 comments:
DELL has making lower lows yet the RSI and has not been confirming the move and has been diverging higher. DELL decline looks unsustainable, up from here!
you may be right buddy and i am anticipating strength next week,BUT in the event we play dead again-i think it rolls-if we go parabolic it's dart time again
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