Carnival Corp. Shares Are Sinking Says Market Timer Frank Kollar.

May 17, 2006 (FinancialWire) (By Frank Kollar)

Shares of Carnival Corp (NYSE: CCL), the cruise-ship operator, have declined 30% since their January 2006 highs. Last week, after the beleaguered company cut its second-quarter and full-year outlook, we said that it was not the end of lower share prices.

Fibtimer.com (http://www.fibtimer.com) also said that Carnival share prices could drop as low as $39.68 in coming weeks. Carnival is now just above that critical support level, closing Tuesday at $40.27. Should Carnival shares close decisively below $39.68 in coming days, we would then expect an escalating decline that could reach $35.47 before the next support level is reached.

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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