Pharmaceutical HOLDRs Trust (AMEX: PPH) On The Mend Says market Timer Frank Kollar

October 6, 2006 (FinancialWire) (By Frank Kollar)

The pharmaceutical Industry has been slowing making a comeback after taking huge losses in share values in the 2000-2002 bear market. Traders can take advantage of this advance via the Pharmaceutical HOLDRs Trust (AMEX: PPH).

PPH has climbed 32% from its 2002 lows and 18% from its 52-week lows.

Importantly, the current advance is now approaching critical resistance levels. The $85-$87 area is where the 2003-2004 rally failed as well as the 50% retracement of the entire bear market decline. If PPH can close above $85-$87 in coming weeks, it could finally mount an advance that could challenge its prior lofty levels.

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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