| Stock Positions
We Are Monitoring. Tiger Software: 11/19/2008 (C) 2008 William Schmidt, Ph.D. william_schmidt@hotmail.com |
Support is 8000 and resistance is
9000. |
| Short Positions: Long positions must be sold when bearish conditions develop ahead of the scheduled Hotlines. Sell on automatic Sells, falls back below 50-day ma, falls back from declining 50-dma. false price breakouts breakdowns by Closing Power below uptrends or its new lows. . AIT 14.75 -1.44 Both down. CQB 10.87 -.19 New red Buy. Both Down CRL 21.35 2.42 Both Down DLR 23.76 -3.73 Both Down DST 33.87 -1.54 Closing Power Down HNI 10.55 -1.16 Both Down HAR 10.65 -2.86 AI/200=154 VRSN 18.24 -.76 Closing Power Down 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. EBS 20.06 -.28 EMERGENT BIOSOLUTION Both Up. Commodity Investments NEM 22.40 -1.25 Gold Broke its Closing Power support. Platinum 1620 823.70 -13.30 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 0.85 -.09 IP21<0 AI/200=157 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 This will require DJI to come back within normal 3.5% bands. AI/200=146 51. -1.72 resistance = 56 support = 50. CVX
70.61 -2.75 AI/200 =128 12 month new low. Hit
resistance at falling 50-dma. |