Apple Inc (NASDAQ: AAPL) Continues to Gain Says Market Timer Frank Kollar
August 14, 2008 (FinancialWire) (By Frank Kollar)
Shares of Apple Inc (NASDAQ: AAPL) have continued to move higher, regaining much of the ground lost after disappointing earnings news.
AAPL Has now closed above critical resistance at about $175, forecasting a test of its prior rally highs in coming weeks. The $190 level may be difficult to surpass for AAPL but if it is, traders can look for another shot at the $200 level.
But first, the $190 resistance level looms.
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.
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.
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