TigerSoft News Service 5/2/2010 www.tigersoft.com
MARKET WARNINGS:
SOME SERIOUS PROFIT-TAKING IN SPECIFIC STOCKS
Bearish head and shoulders patterns have to be searched
for visually. The computer cannot find these patterns specifically.
But we can save a lot of time by looking for stocks below a 50-day
or a 65-day ma with negative readings from TigerSoft's
Accumulation Index using the Power-Ranker. Traders should short them
and hold them short as hedges against a bigger decline while holding
the highest Accumulation TigerSoft stocks. AA is an example from
2008.
Use these flags:
164 - CRUN50DA - CLose under 50-day ma
204 - FIFYYDN - declining 50-dma
We will provide an initial sorting of good candidates' nightly data.
- BREAK65D.exe - on our on-line data base.
BREAKDOWNS BELOW 65-DAY MA
NEGATIVE TIGERSOFT ACCUMULATION INDEX
DECLINING/WEAK TIGERSOFT CLOSING POWER
PRICE-TREND BREAK
plus
HEAD AND SHOULDERS (14)
BUCY, IGLD, HUSA, MA, MSTR, MTA, RAX,
RIG, RTP, TEVA, WLT, WNI, WLT, X
FALSE PRICE BREAKOUTS
ODP, TEVA
ENERGY STOCKS
ACFN, PDS
