Intel Reaches December Highs, Says Market Timer Frank Kollar
Those highs were reached in Monday's huge stock market rally, but Intel Corp had been advancing at a steady pace for almost three weeks prior.
This resistance level is critical to Intel Corp's continued rally. Intel needs to close above $15.65 in coming days to continue higher. If it does, we could see a solid move as high as $18.34 over coming weeks.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in Intel Corp.
Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.
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.
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