S&P and Nasdaq Point To Higher Highs Says Market Timer Frank Kollar

April 11, 2008 (FinancialWire) (By Frank Kollar)

Both the S&P 500 Index – SPX and Nasdaq Composite Index – COMPQ moved higher Thursday April 10, on higher volume. Over the last several days both indexes spent time consolidating last week’s gains.

This consolidation may be over if Thursday’s buying extends into Friday and traders take gains into the weekend. The stock market is also rising after three better than nine to one up volume vs. down volume days occurred over the past weeks.

This bodes well for investors as historically; the major indexes have risen some 10% to 14% in the six-twelve month period following two or more such breadth-explosion days within a three month period.

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.