| Stock Positions
We Are Monitoring. Tiger Software: 9/16/2008 (C) 2008 William Schmidt, Ph.D. william_schmidt@hotmail.com |
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Sell Short CIEN
11.23 -.27 Both Down MGG 17.90 -.21 Closing Power is falling. Opening Power should weaken. before bottom. 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" |
| 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) 18.01 +.02 AI/200=65 IP21=-.408 Closing Power down ====> Cover TRF (Russia Fund) 33.30 -.93 Closing Power has broken its downtrend. VWO Emerging Markets - 34.30 -.47 Both Down CEA 19.22 +1.76 AI/200=70 China Eastern Airl. Both Down Below falling 50-dma. CEE 30.82 -2.03 AI/200=86 Central European Equity Both Down ====> Cover EWD 21.75 -.03 AI/200=92 Sweden ETF IP21>0 OBV NC GRR 16.21 -.35 AI/200=60 Both Down SUPR 7.76 +.52 AI/200=22 IP21<0 Closing power is above its ma. NYM 23.09 +1.09 Red Sell. IP21<0 AI/200=30 Closing Power has been strong. Above falling 200-day ma. ITRS>.30 |
| With the DJI back above 11100, a few long positions Long Positions: (These
are arranged so that the most recent are shown first.) CVX
81.85 +1.77 AI/200 =135 Looks like a solid
reversal pattern. |