| Stock Positions
We Are Monitoring. Tiger Software: 9/18/2008 (C) 2008 William Schmidt, Ph.D. william_schmidt@hotmail.com |
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Buy NPSP 8.25 +.23
XTLB 3.78 +.18 NHI 33.49 +.98 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) ===<Cover CIEN 10.07 Both Down but new Peerless B17. ===<Cover CIEN MGG 16.84 +.06 Both Down but new Peerless B17. ===<Cover IGT (Intern. Game Techn) 17.88 +.18 AI/200=65 ====> Cover TRF (Russia Fund) 33.30 -.93 Closing Power has broken its downtrend. ====> Cove VWO Emerging Markets - 34.77 ====> Cover CEA 16.44-,13 China Eastern Airl. Both Down Below falling 50-dma. ====> Cover CEE 30.63 +2.98 AI/200=86 Central European Equity Both Down ====> Cover GRR 15.62 +.15 AI/200=41 Both Down ====> Cover SUPR 8.97 AI/200=22 IP21>0 Closing power is above its ma. ====> Cover NYM 23.50 +.40 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
82.88 +2.83 AI/200 =135 Looks like a solid
reversal pattern. |