| Stock Positions
We Are Monitoring. Tiger Software: 12/3/2008 (C) 2008 William Schmidt, Ph.D. william_schmidt@hotmail.com |
Wait and see
if the NYSE A/D Line Downtrend Can Be Broken above. |
| Short Positions: Cover QQQQ Its Closing Power has moved above its downtrendline. GENZ 63.56 AI/200=98 Steep Closing Power Downtrend has been broken above but sill falling, as are other internals. IVC 14.85 +.58 AI/200=111 Steep Closing Power Downtrend has been broken above IP21<AI ma NVX 9.25 -.23 AI/200=21 TISI = 21-day ma of Accum. Index. IP21=current value of Accum. Index. In general, we will cover short sales, especially if their CLosing Power downtrends are violated. |
| Long Positions: (These
are arranged so that the most recent are shown first.) Important in this weak market Sell on automatic Sells, falls back below 50-day ma, false breakouts and breakdowns by Closing Power below uptrends. ALO 36.01 -.09 IP21=.40 AXYS 72.75 +5.32 AI/200=173 IP21=.25 Both Up EBS 23.63 -.61 EMERGENT BIOSOLUTION Both Closing Power is at its uptrend line.. Commodity Investments Platinum 1620 805.10 -2.20 New 12-month lows! Way oversold. IP21= <0 Closing Power downtrend has been violated. Car sales down. Platinum is needed in catalytic converters. Oversold. But trend is clearly down Hold because of so much prior accumulation. (Next time, we will not hold because of earlier accumulation if it falls 10% below point of bulge.) GBN - Great Basin 0.79 -.04 IP21<0 AI/200=133 Broke 2.90 support. Both Down. Hold because of earlier accumulation. Note bullish wedge pattern. Closing Power downtrend has been violated. Great Basin Gold, Ltd. engages in the acquisition, ownership, exploration, and development of gold and silver deposits. It owns interests in the Hollister property located on the Carlin Trend in Nevada This has been a very bad long. Note the earlier Closing Power's weakness. We certainly should have used this. (Next time, we will not hold because of earlier accumulation if it falls 10% below point of bulge.) =============================================================================== Tahiti Stocks = 21 months' WMT is the highest AI/200 stock now AI/200=146 54.38 +.93 resistance = 56 support = 50. Both Up. Buy at 51. CVX
74.74 -.80 AI/200 =125 12 month new low. Hit resistance at
falling 50-dma. Strong Closing Power. |