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

June 18, 2008 (FinancialWire) (By Frank Kollar)

Shares of Apple Inc (NASDAQ: AAPL) were on a tear from March through mid-May adding 58% after bottoming around $120 in the stock market correction.

After reaching the $190 level, AAPL moved mostly sideways till June when the current market weakness pulled shares lower, down to $177 intra-day in the Friday, June 13 selloff.

But again AAPL is packing on the gains, adding some 5% this week alone. During Tuesday’s June 17 market decline while the Dow dropped triple digits, AAPL added 2.5% in share value.

Look for AAPL to test its highs at $200 a share in coming weeks, and if surpassed, the new target for this advance will be $226.76 a share.

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

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.