Ishares Lehman 20yr (NYSE: TLT) Pushes Higher Market Timer Frank Kollar
March 13, 2008 (FinancialWire) (By Frank Kollar)
Shares of the exchange-traded fund Ishares Lehman 20yr (NYSE: TLT) bottomed in mid-February and have been moving mostly higher since.
TLT reached the 50% retracement on February 29 and pulled back. On Wednesday March 11, TLT succeeded in closing above the February high and is now likely headed even higher. How high can TLT go?
In coming days, watch for a close above $95.00 a share that will forecast a run to at least $95.76. A close above $95.76 would point to a run to the old highs.
The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy holds a position in the TLT.
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 Press Releases 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 1996-2008, 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. |
