Tiffany And Co (NYSE: TIF) Reverses At Support Says Market Timer Frank Kollar

August 14, 2007 (FinancialWire) (By Frank Kollar)

Shares of Tiffany And Co (NYSE: TIF) reversed last Friday right at $41.35, which is strong Fib support. Reversals at support have a higher likelihood of being successful.

Tiffany had a yearlong rally, from August 2006 to mid-July 2007 before declining along with the rest of the stock market. The Fib 61.8% retracement level is a powerful one and followed by many traders. Traders taking long positions can use the lows as a buy stop to protect against loss.

Follow your strategy and adhere to your money management rules to protect capital. If you do not have money management rules, give FibTimer.com (http://www.fibtimer.com) a call. The surest way to lose money in the stock market is to trade without a plan.

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.