October 14, 2009 (FinancialWire) (By Frank Kollar) — Shares of Intel Corp (NASDAQ: INTC) have been forecasting good earnings news for the past week as they rallied to new 2009 highs.

The highs come after a month long period of consolidation at $20 a share that held shares at their August 2008 to March 2009 61.8% retracement resistance level.

On Monday, October 12, and Tuesday, October 13, shares climbed to new highs before Intel’s third-quarter earnings were released. Intel then reported results higher than expected and also a fourth-quarter outlook that exceeded expectations.

So often the news is already reflected in the share prices.

Look for a continued rise to the $24 a share level in coming weeks and months as INTC makes a run for its prior August 2008 highs.

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