Apple Inc (NASDAQ: AAPL) In Rally Mode Says Market Timer Frank Kollar

April 22, 2008 (FinancialWire) (By Frank Kollar)

Shares of Apple Inc (NASDAQ: AAPL), the niche computer company, are on a one week tear that has taken prices some 16% higher. At the close on Monday April 21, AAPL sits right at a critical resistance level.

Only two weeks ago we wrote: “AAPL is at $158.80 a share. 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.”

AAPL closed Monday at $168.16. The $169.22 resistance level, only a fraction higher, is critical to this advance. If Apple makes a decisive close above $169.22, 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.