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10/28/2003 Archived Entry: "DELL chart analysis.."
Click for DELL chart. This is a great chart to study. We can't know whether DELL will retrace down to the $34.60 area, but it it does and supports there, it would be a great place to enter long. There is a trend-line and there are several fib levels (ie SK) which converge right in that area... This scenario makes for a higher probabilty and lower risk trade. We want that, RIGHT??? Watch this chart if it reaches $35.00 to $35.74, put an alarm in your charting program, send me email when it gets there. It could setup for a great long trade on a bounce in that area.. -FibMaster.
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