DELL SETTING UP THE NEXT UP LEG!

GOING LONG DELL. On Thursday last week Dell came out with over 50% growth, and firing on all cylinders. As you can see by the chart posted, the stock reaction was as expected, completing a 6 day pull back out of the counter trend swing low swing high move.

This sets up for investors and traders a like, many happy returns as DELL repeats the pattern JAN-FEB on its way to making new year highs.

GOLD 4 DAY COUNTER ON THE WAY

GOLD will be making a 4-10 day counter trend over next 15 calender trading days. We expect the retrace in GLD able to make a 1/4 or 3/8 retrace as a 1st target.

HL is a good way to play this counter move, as has been in a nice definded trading range. The pivot area is 5.22, R1 5.35, R2 5.59, R3 5.79.

Traders should try to play the pivot to R2 level, and R1 to R3 as the trade develops.