Apple Inc (NASDAQ: AAPL) Headed Higher Says Market Timer Frank Kollar

April 10, 2008 (FinancialWire) (By Frank Kollar)

Shares of Apple Inc (NASDAQ: AAPL), the niche computer company with a following that seems to never die, reached short term resistance on Monday April 7 and rolled over.

Short term resistance, at $158.80 a share, was the 50% retracement for the entire January through February 2008 decline. That level should be surpassed on any market strength in coming days and Apple will then be headed for the next resistance level at $169.22.

The $169.22 resistance is critical to this advance. A reversal from it would indicate lower lows ahead, but if Apple closes higher, look for a run to the old rally highs at $200.00 a share.

The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy has a position in Apple Inc.

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.