Ishares Lehman 20 Yr (AMEX: TLT) Likely To Pull Back Says Market Timer Frank Kollar
August 21, 2007 (FinancialWire) (By Frank Kollar)
Exchange-traded fund Ishares Lehman 20 Yr (AMEX: TLT) rallied through June and July but then topped out in early August. After a pull back the rallied again but where unable to top their early August highs. What happens next?
TLT appears poised to move lower. Watch Fib support levels at 84.38 (61.8%) and then 83.42 (78.2%) for potential reversal levels. If TLT rallies from either of these levels in coming weeks they will make good protective sell stops for bullish positions.
The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy currently has a position in TLT.
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.
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