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These articles describe the statistical probabilities of long positions on these equities, based on neural net projections, for the next 5-15 trading days. These are not holy grail methodologies, the road to easy street, or anything else. These projections are the result of screening for technically significant retracement and momentum patterns that have been further screened for value and bullish sector performance. In other words, the projections are for long positions.
For 03/03/2009:
------------------$INDU----------$SPX----------$COMPQ
Monthly Momentum--Negative(OS)---Negative(OS)--Negative(OS)
Weekly Momentum---Negative-------Negative------Negative (OS)
Daily Momentum----Negative-------Negative------Negative
(OS) means oversold and (OB) means overbought. The value to price estimate (it is not a guarantee, only a cash flow based estimate) can be defined loosely as a multiplier of price. A number higher than one means the stock is undervalued using this model and a number less than one means the stock is overvalued.
Index and ETF I-shares Bullish Reversals (Note: to look up quotes for the Dow Indexes (starting with DJ or DW, add a dollar sign. No dollar sign is required for the ETFs beginning with other letters.) Today’s list includes only those ETFs with a 50-day moving average of daily volume greater than 10,000,000 shares.
EWV
IEF
OTR
PLW
SHM
SHV
SSG
SSK
SWH
SZG
TIP
ULQ
U.S. equity markets swooned lower and AIG spilled red ink and accepted its junky injection of Treasury dollars to assuage its $62 billion dollar loss. The aversion to buying amid political fear mongering and the appearance of incompetence continues to crush market value. The only stocks that looked interesting with regard to the screens were water utilities (AWR) and medical instruments (BDX). Patterns were a bit to wide to make the nets like them and for that reason, we are empty below.
----Value/Price EST.----7 day ATR----%( 7 day ATR)/Close
Nothing today.
Note (O): optionable
*Beta greater than 1.5, Volume greater than 1 million shares on a 50-day simple moving average volume basis.
That’s it for now. It is possible that the continuing flat line movement in $AWR could result in a breakout that the nets will like. We need to follow water related utilities because they may become beneficiaries of Obama’s “stimulus” plan in public works construction. We need to watch medical instruments also, but realize that health care legislation could possibly damage them.
DBB
www.ratiotrading.com is a great place to learn Fibonacci trading techniques
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I believe you are probably the best out of the literal hundreds of traders that I have witnessed.
