Rally For Carnival Corp (NYSE: CCL) Says Market Timer Frank Kollar
September 14, 2006 (FinancialWire) (By Frank Kollar)
Over the past months, shares of Carnival Corp (NYSE: CCL), the cruise-ship operator, lost almost 37% in a nasty correction. At Fibtimer.com (http://www.fibtimer.com) we wrote about this company several times during this period, each time forecasting new lows. Carnival Corp continued to make them.
In June, and again in August, Carnival tested critical support levels that held. It has a solid double bottom in place and has advanced almost 20% off its correction lows. Carnival is now only a few percent from an important resistance level at $46.27. If Carnival closes decisively above this level, expect the rally to continue and shares to reach at least $48.59, and possibly $52.00, over coming weeks.
The Fibtimer.com (http://www.fibtimer.com) timing service has a BUY signal in place for Carnival Corp 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.
For up-to-the-minute news, features and links click on http://www.FinancialWire.net
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation from any company for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279
To become an investor monitor of independent research for a company in which you are invested, go to the not-for-profit Shareholders Research Alliance, Inc. website by clicking on http://www.shareholderresearch.com
The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268
© Copyright 1996-2006, Kollar Market Analytics, Inc., All Rights Reserved.
FibTimer reports may not be redistributed without permission.
Disclaimer: The financial markets are risky. Investing is risky. Past performance
does not guarantee future performance. The foregoing has been prepared solely
for informational purposes and is not a solicitation, or an offer to buy or sell
any security. Opinions are based on historical research and data believed reliable,
but there is no guarantee that future results will be profitable. |
