May 7, 2009 (FinancialWire) (By Frank Kollar) — Shares of the ETF Ishares Lehman 20 Year (NYSE: TLT) have now shed some 22% since hitting rally highs back on December 18, 2009. The rally was explosive, but the post rally declines are becoming abysmal, unless of course you have short positions in TLT.

How low can TLT go? A month ago we would have said a bottom was likely around $100 a share. But with this week’s decline to $97.08 as on Wednesday’s May 6 close, that support level is now history.

We are still holding onto a bearish position and expect to see TLT test the $93 level in coming weeks. 

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

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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