Buy Arrows taken when the OP21 is above its ma do best.
Sell taken when the OP21 is below is ma do best.
It is a good idea to compare this stock with Gold or Silver.
Use trendlines. Sometimes a lot stonger stock can be found for
buys. Likewise, when a stock is losing relative strngth, its
Red Sells are most likely to work well.
SSRI is testing its support down to 26. We got a new Red Buy signal yesterday.
When looking for these red Buys we like to see supporting evidence such as a
the stock being at its rising 50-day ma (blue). If we can get a turn-around here at 26,
a recovery to 30-31 seems likely and then backing and filling as in last August. As of yesterday,
all these Buy signals have yielded a total of 27% for the last year. The red short sales taken at
the next day's opening have gained 54% for the last year. The stock now shows a declining
Opening and Closing Power. Volume rose today. But the volume at the low last August was twice
as high. If I were buying this, I would wait for a strong close or a closer testing of 26. Headroom
is needed for a long profit. And 30 will be a barrier now that it has been closed below. Perhaps,
there will be a shake-out just below 26 to run in the stop-sells below that round number and that
will set up a rally. The internals look weak enough to let that happen.
(C) 2008, April 24, 2008 - William Schmidt, Ph.D. www.tigersoft.com
