Molex Incorporated (NASDAQ: MOLX) Reverses At Support Says Market Timer Frank Kollar
July 31, 2007 (FinancialWire) (By Frank Kollar)
Molex Incorporated (NASDAQ: MOLX) reversed at strong Fib support Monday after losing almost 14% in share value over the past few weeks. Where to next?
Shares of Molex reversed at a critical support level Monday that is very likely to be followed by further gains. Molex should rally to at least the $30.00 level before short sellers again try to push this stock lower. Reversals at Fib support levels are high odds trades.
Fibtimer.com (http://www.fibtimer.com) takes positions in Stocks, ETFs and Index Funds that meet its trending and liquidity requirements.
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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