Adobe Systems (NASDAQ: ADBE) At Critical Support Says Market Timer Frank Kollar.

May 26, 2006 (FinancialWire) (By Frank Kollar)

Shares of Adobe Systems Incorporated (NASDAQ: ADBE) lost ground Thursday even while the Dow rose close to 100 points and the Nasdaq soared almost 30 points.

Today’s rally was the result of a hugely oversold market, but Adobe’s shares could not muster enough interest to participate.

Several weeks ago Fibtimer.com (http://www.fibtimer.com) wrote about Adobe and stated that, “ selling has taken Adobe’s shares right to critical support. Adobe’s close at $33.69 is only 1% above critical support at $33.32. A decisive close below support will call for a continued decline to at least $31.55. ”

The target price of $31.55 has been met and surpassed with today’s close at $29.14. Yet today Adobe sits on a support level that is actually more dangerous. $29.00 a share is Adobe’s final support since the stock rallied 58% from August 2005 through January 2006. Shares have now lost 78% of the gains achieved in that sharp six months advance.

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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