Vanguard REIT VIPERs Still A Buy Says Market Timer Frank Kollar.
May 1, 2006 (FinancialWire) (By Frank Kollar)
Shares of Vanguard REIT VIPERs (AMEX: VNQ) have been declining since early March 2006. Is this a short-term pull back, or is there more downside ahead?
The REIT VIPERs generally correspond to the price and yield performance of the Morgan Stanley REIT Index. REITs have experienced several sharp corrections over the past three years. The pattern has been a steady one. T he corrections have averaged 9-10% and are completed in two to three months.
This correction has taken the REIT VIPERs down 9% and may have a few more weeks of consolidation still ahead. But it is likely that this correction will end the same way are the prior three and we will see the REIT VIPERs again breaking out to new highs. The REIT VIPERs remain a BUY.
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.
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