New Bull Rally Or Bear Trap Asks Market Timer Frank Kollar?
July 21, 2006 (FinancialWire) (By Frank Kollar)
During Wednesday’s triple digit rally the NYSE had up volume exceeding down volume by a better than twelve to one margin. Trading days with better than nine to one up volume are rare events and sometimes decades will pass before one occurs. When there are two such trading days in a short period it almost always marks the beginning of a prolonged advance in the stock market. Wednesday’s ratio was twelve to one and remarkably, it was the “third” such day in only four weeks. June 15 th and June 29 th were both soon followed by steep declines. What will happen now that we have seen three such rare events?
The markets want to move higher says Frank Kollar at Fibtimer.com (http://www.fibtimer.com). Unless there is an escalation of tensions in the mid-East that spreads to surrounding countries, we could see fireworks to the upside before much longer.
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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