Break Out For Ishares Russell 2000 (AMEX: IWM) Says Market Timer Frank Kollar.
November 15, 2006 (FinancialWire) (By Frank Kollar)
Shares of exchange-traded fund Ishares Russell 2000 (AMEX: IWM) have finally broken out above their previous May 2006 rally highs. Ishares Russell 2000 seeks to duplicate the performance of the Russell 2000 Small Cap Index. Current top holdings are, Plains Exploration & Production Company (NYSE: PXP), Joy Global Inc (NASDAQ: JOYG) and Crown Holdings (NYSE: CCK).
Ishares Russell 2000 corrected hard in June and July but shares have now advanced almost 17% from their lows. This breakout sets a new target for Ishares Russell 2000 at $81.23 a share.
The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy has a position in Ishares Russell 2000 .
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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