Professional Buying/Selling Power
1999-2010 Charts (in reverse order)
When the TGR-PRO is above its 21-day ma, we usually
can assume the price trend is still up, and vice verse,
but the rules below over-ride this simple approach at
times.
Rules to BUY:
1) Buy on TGR PRO downtrend break following PRO NC
Examples: March 2009, November 2008, March 2003
2) Buy on TGR PRO downtrend break as prices test the rising 65-dma
Examples: June-July 2009
If the 65-dma is falling, the test is apt not to be successful. Examples: Nov 2007
3) Buy on break on severe TGR PRO downtrend-break.
Without a TGR PRO NC, this may only bring a rally to declining 21-dma.
Examples: Feb 2010, Oct 2008
4) Buy on breakout in horizontal TGR PRO resistance-line.
Examples: November 2001
7) Buy on very unusual surge by TGR PRO above its downtrend.
Examples: Oct 2001
Rules to SELL:
1) Sell on TGR PRO
uptrend break following PRO NC
Examples: June 2009, October 2009, Jan 2009, May 2008, October 2007, July 2007,
June 2007
If there is a flat topped breakout, give
prices more opportunity to advance.
Example: No Sell in December 2009
2) Sell on TGR PRO uptrend break as prices test the rising 65-dma
Examples: December 2007
3) Sell on break on steep TGR PRO uptrend-break.
It is often better not to start line at bottom but instead use uptrendline running
through later dips. These may bring only
minor retreats to a rising 21-day ma.
Examples: May 2009
4) Sell on break in horizontal TGR PRO support-line.
This support-line must go through at least 2, but preferably 3
bottoms.
Examples:
September 2008. June 2008, March 2001
5) Sell on break in unusually long and well-tested diagonal TGR PRO
uptrend break.
Examples: May 2007, Feb 2007
