April 30, 2009 (FinancialWire) (By Frank Kollar) — Shares of Adobe Systems Inc (NASDAQ: ADBE) have risen a dramatic 70% since their bear market lows in early March. Pretty good for only two months.

Adobe has always been a volatile stock, but in that volatility, if it trends, is the potential for profits. Adobe’s decline from its 2007 highs at $48 a share to $15.70 at its lows leaves a lot of upside ahead if the uptrend continues.

We are looking for Adobe to recover to at least the 50% retracement level of is 2007-2009 decline at $31 a share. That leaves 16% still ahead. Though short term profit taking can slow things down along the way, if $31 is surpassed, look for $34.64 before the advance runs out of steam.

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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