Shares Of Ishares Latin America (NYSE: ILF) Power Ahead Says Market Timer Frank Kollar
February 26, 2008 (FinancialWire) (By Frank Kollar)
Shares of the exchange-traded fund Ishares Latin America (NYSE: ILF) have been displaying a great deal of relative strength, gaining ground even while the stock market has been weak.
On Monday, February 25, Ishares Latin America pushed to within a fraction of the prior closing rally highs at $266.88, achieved back on October 31, 2007.
A close above those prior highs will forecast continued gains for the widely traded ETF over coming weeks. Of course Ishares Latin America has already made substantial gains, gaining some 30% in only the last five weeks of trading.
The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy holds a position in Ishares Latin America.
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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