Nasdaq-100 Trust (NASDAQ: QQQQ) Breaks Out Says Market Timer Frank Kollar

November 20, 2006 (FinancialWire) (By Frank Kollar)

The exchange-traded fund Nasdaq-100 Trust (NASDAQ: QQQQ) is making new 2006 highs on an almost daily basis. How high can they go?

When the Qs closed above $43.21 last week, they not only made new 2006 highs, but this decisive breakout forecasts a run to their next resistance level at $45.42. Though some profit taking is expected soon, if this level is also surpassed, look for the Qs to reach $48.11 in coming weeks, either before or after the profit taking.

The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy currently has a position in the QQQQs .

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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