| Stock Positions
We Are Monitoring. Tiger Software: 11/7/2008 (C) 2008 William Schmidt, Ph.D. william_schmidt@hotmail.com |
Support is 8300 and resistance is 9300. |
| Short Positions: None now recommended. 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. Respect the Peerless Buy signal and how vastly over-sold the market now is. We have covered all short sales. Cover AMAT 11.30 At support. Closing Power New Low. HANS 24.90 +1.89 Closing Power is below its 21-dma Cover SPLS 18.35 - Opening and Closing Power are both rising. |
| Long Positions: (These
are arranged so that the most recent are shown first.) CRK 47.71 Closing Power broke its uptrend. At falling 50-dma. AFAM 51.47 +.31 NH Closing Power is still rising. ANEN 11.73 -.60 Closing Power is still rising. At falling 200-day ma ARBA 9.56 +.19 ESV 35.20 +.70 Broke its Closing Power uptrend. Commodity Investments PAAS 12.64 +.35 Silver CLosing Power is slightly rising. Red Sell. This might be an inverted head and shoulders pattern. NEM 26.02 +.63 Gold At resistamce of falling 21-dma. This might be an inverted head and shoulders pattern. Platinum 1620 852 +13.70 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 1.19 +.05 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' Buy WMT is the highest AI/200 stock now on decline back below 52. Closing Power has broken its uptrend. This will require DJI to come back within normal 3.5% bands. AI/200=146 54.39 +.90 resistance = 56 support = 50. CVX
73.46 +3.35 AI/200 =124 12 month new low. Hit
resistance at falling 50-dma. |