Dow 14,563 Ahead Says Market Timer Frank Kollar
July 20, 2007 (FinancialWire) (By Frank Kollar)
Rallies always go further than anyone expects and the current stock market rally is no exception. Few thought the Dow Jones Industrials Average (DJIA) could reach 14,000 but on Thursday it did just that.
Using basic Fib analysis, look for this rally to reach at least the Fib 161.8% retracement of the 2000-2002 bear market decline. That places the likely top at Dow 14,563.
Remember, you heard it here first.
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.
Go to previous Press Releases & Trading Notes.
Note: These "Trading Notes" are short term in nature. They may or may not reflect the same position as current subscriber reports which typically have longer time frames.
© Copyright 1996-2007, Kollar Market Analytics, Inc., All Rights Reserved.
FibTimer reports may not be redistributed without permission. These Trading Notes however may be distributed 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. |
