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Daily Blog - Tiger Software Send any comments or questions |
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Some Pointers for Traders of the Stocks. Learn to spot "negative non-confirmations" of a new high in leading stocks. They are important warning signs for the stock and the industry. Note the Tiger "s9", negative non-confirmation in C, Citigroup, in May. This started a bearish head and shoulders pattern and a decline towards its 50-day support. Do not confuse the Peerless S9 major Sell signal on the DJI-30 with this Tiger s9 Sell on stocks or whatever you graph. Tiger s9 signals are much more significant when the stock's OBV Line is lagging its earlier levels. That was true in Citigroup in May. Our book on Short Selling gives lengthy treatment to this pattern. Citicorp s9 Top and Head and Shoulders  WMT: OBV Weakness Should Confirm the "Tiger s9" Walmart Shows a Tiger s9 at its peak in May. You can see that the OBV Line is considerably below what it was in October on its previous peak.  Head and Shoulders Patterns Abort when Prices Advance Past Right Shoulders' Apex. Thinner stocks make false patterns more frequently. You can see how GLDN advanced quickly when its prices surpassed the theoretical right shoulder's apex at 60.  IBM s9 on Flat Top Breakout Sets up A Key Test for Market You can see Tiger-s9 signals in IBM below. If the market is strong, these signals may only postpone a further rally. That was true in October. A decline to the lower band is more typical. That took place in February. Be wary of these signals after a flat-topped breakout, such as we see now in July. The breakout buying can bring a considerable advance and the Accumulation Index usually belatedly turns positive. Of course, a breakout failure in IBM now would be unexpected and be quite bearish. This will be a good stock to watch. Its OBV Line suggests the breakout will over-rise the flaseness of the new high based on the negative Accumulation Index.  XOM - Look for head and shoulders patterns in leading stocks Do you see the quick head and shoulders top in December? The much lower readings by the Accumulation Index on the right shoulder confirm the pattern. The stock declined back below its rising 200-day mvg.avg. (dotted black line) and then turned up as Crude Oil prices advanced.  
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The Best Joke Ever .  #1 - Learn it. Memorize it. Tell it. You will always get a laugh. THE MONK JOKE A man was driving in the middle of nowhere down a secluded country road far from any cities. He got a flat tire, and got out to walk for help. After walking for some time, he came to a small stone monastery. He knocked on the door and roused the monks. "I've got a flat tire. Can I use your phone?" He asked. The monks said they were sorry, but the did not have a phone. "If you stay tonight, you can get a ride on our wagon into town tomorrow," they said. So the man stayed the night, and they put him in a small room in the monastery. In the middle of the night, the man was awakened suddenly by a noise. Not just any noise, but the loudest, most wonderful, most terrifying, most hair-raising noise ever. He sat there, his heart beating for a few minutes, and he heard it again! Getting out of bed, he went running in the direction of the noise. It came again, making the hair on the back of his neck rise and his skin crawl. Finally, he came to a large door where the head monk was standing. The door was at least 15 feet tall, and made of solid-looking wood and metal. It had chains and bars and locks and a deadbolt on it, and was the most formidable door the man had ever seen. "What was that sound?" He asked. "What made it? Is it behind that door?" The head monk shook his head. "I'm sorry," he said. "I can't tell you; you're not a monk." As the man turned away, he heard the noise again. "You have to tell me what it is," he begged. "I'm sorry, you're not a monk," said the monk. The man tried to sleep, but couldn't get the noise out of his head. In the morning, as he was getting ready to leave, he heard the sound again. It made his ears ring and his mind whirl. "Please tell me what made that sound," he said. But the monks wouldn't. "I'm sorry, you're not a monk" was all they said. The man left, and eventually got his car fixed and went back to his life. But he couldn't get the sound out of his mind. After a few months, he got in his car and drove and drove until he found the monastery again. He got out of his car and found the head monk. "I can't forget that sound from that night I was here. Please, please please tell me what made that sound." The head monk just shook his head. "I can't tell you; you're not a monk," he said. "Then tell me how I can become a monk," the man said. The head monk said "It's very difficult. Are you sure you want to do this?" The man said "I've got to. I have to know what made that sound." The head monk said, "To join us, you have to perform several tasks. Your first task is to count all of the stars visible in the sky." The man thought about how hard that would be, but he had to know what made that sound. He sat up every night for a year, counting the stars over and over until he was sure how many stars were visible in the sky. He went to the head monk and told him, and the monk nodded. "Very good. Your next task is to count all of the grains of sand on the beaches around the world." The man knew this would be even harder, but he could not get the noise out of his head. He had to know what, what kind of animal, could make that terrible horrible mind-bending sound. So he left on his journeys. He crawled the length and breadth of every beach in the world, counting the grains of sand, and he returned to the monastery years later. The head monk heard his answer and nodded. "Excellent. You are almost done. Your final task is to climb to the peak of the highest mountain in the world, and see yourself in relation to the rest of creation." And the man knew this would be hard, but he outfitted himself, and he went to the highest mountain in the world, and he climbed to the top, and returned months later, older and wiser and more tired than years before when he had first heard the noise, the noise that would not leave his mind and that echoed in his every waking thought. He returned, and the head monk saw that he was wiser, and said "At last, you are a monk. Come with me." And they walked through the monastery, its twisting and turning halls, and as they went the man heard the noise again, over and over, and he was no longer sure if it was the noise or merely his memory of it. And finally, finally, he stood in front of the door and the head monk opened it up, and the man saw what had made the noise. L O N G S I L E N C E. That's where you stop telling the joke. And your listeners, if you've told it right, will go crazy, and say "What was it?" And you look at them, and you say: "I'm sorry, I can't tell you. You're not a monk."
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