Then – a year ago – and now charts. A year has gone by and the price is still the same at about $28 but the timing is off by a whole year. The error might be that the c part of the a-b-c B-wave traced out a time consuming wedge that has its base at $16, so that is where it should go in the first round and new lows in the second round. A sell by all means.
Just a plausible possibility!
Dell is up about 60% of the drop from $18 to $9 AND it has reached our initial target of $13+ with ease. A sell even if it may go much higher.
We are up 3 to 4 dollars from our last blog and are therefore inclined to sell. This is a handsome profit that should be taken regardless of where the stock may go in the future (that is a sell!). We have no idea at this point. The correction may not be over yet so we could fall back to the $11/$12 level quite easily. On the other hand $30 is not at all out of the question. We would prefer to wait for a little more clarity before taking another stab at this. A name change is not always easy to absorb No doubt you are supposed to forget the past and look only into the future. EW needs a past to determine the future, so it is not the most appropriate methodology to use under these circumstances.