Carnival Corp Could See Lower Lows Says Market Timer Frank Kollar.

May 15, 2006 (FinancialWire) (By Frank Kollar)

Shares of Miami based Carnival Corp. (NYSE: CCL) have been declining since December 2005. Carnival’s losses this week have taken it to within a fraction of breaking critical support.

There are many reasons why cruise lines have been poor market performers of late. Increased fuel prices, hurricane fears and weak demand for Caribbean sailings are a few. To counter this, Carnival is now offering fire-sale discounts to lure new customers.

But the chart actions of the next few days will likely tell astute traders where Carnival’s share prices are headed. Carnival is now at the bottom of a declining trend support line. Should Carnival close below $46.00, the odds would increase not only for lower lows, but also for accelerating losses. Carnival could easily see $39.68 in coming weeks should this support level fail.

The Fibtimer.com (http://www.fibtimer.com) timing service issued a sell signal for Carnival back on January 30, 2006. Carnival remains a SELL in our Stock Timing Strategy.

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.

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