| Stock Positions
We Are Monitoring. Tiger Software: 9/12/2008 (C) 2008 William Schmidt, Ph.D. william_schmidt@hotmail.com |
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For short sales - At this stage, search for stocks near or making new lows with IP21<-.20 and both Opening and Closing Power are falling. In the key vaues display, "DD" means both are down. You can also scane for "BOTHDOWN" Sell SIMO 5.78 -.21 Both DOWN and bearish. STX 13.58 -.41 Both DOWN and bearish. |
| Short Positions: TISI
= 21-day ma of Accum. Index. IP21=current value of Accum. Index. In general, we will cover short sales (1 ) if they close above 50-day ma. with IP21>0. or (2) if the IP21 rises above the TISI line if the downtrend in ITRS (relative Strength) is ending. Usually, if they jump too fast, hold them short. They will usually return to the 50-day ma. Cover them there. Know that some of these may be short sales again when their short covering rallies are over. Short sales (IP21=current Accum. Index) IGT (Intern. Game Techn) 19.51 -.61 AI/200=67 IP21=-.30 Closing Power down TRF (Russia Fund) 36.24 +2.74 Both Down VWO Emerging Markets - 37.47 +.48 CEA 18.78 AI/200=70 China Eastern Airl. Both Down Below falling 50-dma. ===>Cover CEE 35.70 +1.32 New red Buy. IP21>0 AI/200=87 Central European Equity EWD 22.33 -.12 AI/200=92 Sweden ETF GRR 17..50 +.06 AI/200=60 Closing Power is declining. SUPR 7.62 +.42 AI/200=22 IP21= -.20 Very weak closing power. NYM 22.89 +.96 Red Sell. AI/200=30 Closing Power has been strong. At falling 200-day ma |
| With the DJI back above 11100, a few long positions Long Positions: (These
are arranged so that the most recent are shown first.) CVX
84.24 +1.44 AI/200 =135 Looks like a solid reversal
pattern. |