Biotech HOLDRs Breaks A Critical Support Level Says Market Timer Frank Kollar.

May 3, 2006 (FinancialWire) (By Frank Kollar)

Shares of the exchange traded fund Biotech HOLDRs (AMEX: BBH) broke below a critical support level on Tuesday, May 2 nd.

At Fibtimer.com (http://www.fibtimer.com) we have been watching for a decisive close below 172.13, as an indication the Biotech HOLDRs will continue their decline. This level is the 50% retracement of the March-November 2005 rally. Such a break of support calls for Biotech HOLDRs to reach the next support level.

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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