September 30, 2009 (FinancialWire) (By Frank Kollar) — Shares of computer maker Dell Inc (NASDAQ: DELL lost over 3% on Tuesday, September 29. This widely traded tech company may have a bit further to go on the downside.

The 50-day moving average is at $14.96, some 1.5% below Tuesday’s close at $15.17. Below this is the 50% retracement support level, for the July to September rally, at $14.49 and then the critical 61.8% retracement support level at $13.86.

If Dell breaks the 50-day average shares will likely reach to the 50% retracement level.

It does not look like the big picture advance has ended. But certainly there is the potential for additional corrective declines in coming days if initial support does not hold.

The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in Dell Inc.

Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.