| Elite Stock
Professional Page 10/5/2008 William Schmidt, Ph.D. Only GLD is considered a Buy. SHORT SALES The bear market is intensifying. The stocks falling the most seem to be those that have falling Openings and Closing Powers. I have screened all stocks for those with this bearish set of conditions, not making new lows on Friday, no tmore than 10% below their 21-day ma and with an IP21<0. Then separating those out, I ran the Flagging Program to then find those in this group that the computer considered most Bearish. These are those stocks: GRR Asia Tiger Funds 15.11 AI/200=56 NNP 11.25 -.04 AI/200=30 EWI Italy 20.46 -.04 AI/2-54 IIM 11 AI/200=53 VGM 11.77 AI/200=36 NVX 10.89 -.13 AI/200=40 EVT 15.06 -.16 AI/200=91 HIF 6.56 +.02 AI/200=82 NON 10.63 AI/200=48 IXP Global Telecomm 53.06 -.43 AI/200=94 BDH ML Broadband 10.64 +.11 AI/200=66 CVS 31.93 -.74 AI/200=80 EWH Hong Kong 12.36 -.22 AI/200=85 MHN 10.13 -.10 AI/200=60 SCHL 23.84 -.95 AI/200=76 AA Alcoa 19.24 -.14 AI/200=119 =============================================== Using this same universe (as described just above), then betting that new lows will be made in this very weak market and that will cause additional Selling, the following are considered good short sales. ADSK 30.72 +.27 CSCO 21.25 +.05 PRFT 6.18 -.40 SBUX 13.66 =.51 ============================================== Military Stocks are considered short sales because of the cominf Federal Budget Crisis. RTN Raytheon 53.17 +.47 BA and NOC have already been recommended for shorting on the hotline. |