December 10, 2009 (FinancialWire) (By Frank Kollar) — Shares of DTE Energy Co (NYSE: DTE) declined 56% from early 2007 until bottoming in early 2009. Since then it has regained 62% of its losses in a strong rally.

That is where the concern comes in. DTE reached the 61.8% retracement resistance level, at $42.73, intra-day on December 9 before pulling back. This is a critical resistance level that often results in selling once reached.

DTE is also just below its 2008 bear market rally highs at $44.24 a share, another resistance level that will be a test for the current rally.

Traders should be aware that a reversal from these levels could lead to a substantial correction in coming weeks.

On the flip side, if DTE manages to close above $44.24 a share, traders can expect to see further gains and a possible test of its 2007 highs above $52 a share.

The http://www.fibtimer.com Stock Strategy does not have a position in DTE Energy.

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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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279). Recently issued reports and/or recorded webcasts include Aria International Holdings, Inc. (OTCBB: ARAH), Continental Materials Corp. (AMEX: CUO), Darling International, Inc. (NYSE: DAR), Document Security Systems, Inc. (AMEX: DMC), and Juhl Wind, Inc. (OTCBB: JUHL).

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