TigerSoft News Service www.tigersoft.com
RECENT TIGERSOFT HOTLINE
and PEERLESS SIGNALS
6/16/2010 - DJIA = 10409
Peerless Signal = Sell S9/S12
See also PEERLESS DJIA SIGNALS and CHARTS
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Recent Headlines from
"PEERLESS SELL S9/S12 OPERATIVE. Shorting the DIA or SPY Now Seems Reasonable.
The DJIA opened up 120, tagged the resistance of the falling 65-dma and then went
into a steady decline for the rest of the day. Significantly, this broke the recent uptrend
of the Closing Power for the DIA. SPY, QQQQ, MDY and IWM. That the DJI has also
tagged the 10600 objective set out based by the DJIA's head and shoulder's right shoulder
potential apex means I can recommend shorting the DIA or SPY."
"The DJI and other averages may go a little higher to reach their apex of right shoulders
symmetrical to their left shoulders... But a re-test of 9800 seems indicated by the S9/S12
from Peerless on the DJIA."
"NEW PEERLESS SELL S9/S12 TODAY. A DJIA DECLINE BACK BELOW 10000
SEEMS MOST LIKELY."
"Peerless Remains on A Buy. DJIA-10500 Is A Reasonable Target, although a
retreat with good breadth would be constructive tomorrow. Sometimes the market's
own chart patterns dictate price action. That seems to be true now. Symmetry is
more common than asymmetry in the pattern unfolding. The DJIA is tracing out a
head and shoulders pattern by advancing now upwards towards a right shoulder apex.
If a symmetrical head and shoulders pattern does unfold, we should see a peak near
10600 (Intra-Day) "
"Until the DJIA breaks out above 10750 (the apex of its right shoulder) or breaks
down below the 9750 (neckline), we probably should use trading range tools.
The best tools are the trends of the CLosing Power, the A/D Lines of different groups
of stocks and the 5-day Stochastic. In this hotline, see that each of these tools now are
"Today brought another Peerless Buy B14... DJIA ...Resistance at 10700
"A Rally to 10500-10700 on the DJIA Is As Much As Seems Likely Now."
"Only The Peerless Buys Give Us Some Hope That The Key Support
at 9800 Will Hold...Short drilling stocks. Hold them short while their
Closing Powers Are Declining.
"9800 Is Still Likely Support."
"Relief Rally Under Way... Today brought a Peerless Buy B14..."
"9800-10000 Is Key Support. The ETF's CLosing Powers Are Bullishly
Rising. That Suggests A Rally of 3%-5%."
"We got short-term Buys today as the Closing Power downtrend-lines were
violated for the DIAI. SPY and QQQQ...This is a short-term Buy. A 3%-4% rally
would be typical here. "
"Tiger's Closing Power and The NYSE A/D Line Are Still in Downtrends.
Wait until these downtrendlines are broken to Buy. Shorter Term traders
should use Closing Power downtrend breaks...BP's eforts to stop the flow
of oil will (likely) fail... Our (Stocks') Hotline is short (BP and) considerably more
than we are long."
"Breaks in (the NYSE).. down-trendline after the DJI is down 9% offer an
extremely reliable way to call a bottom. "
"9800-10000 is the most likely support area."
"The DJI most likely needs to test its best support near 10000. There are lots
of cases of broad 10% trading ranges after a big advance. Wait for the TigerSoft
Closing Power's current downtrend to end and be broken to buy."
"Wait for the TigerSoft Closing Power's current downtrend to end and be
broken to buy. Professionals Are Still Selling To The Public."
"Wait for the TigerSoft Closing Power to break its downtrend for the QQQQ,
SPY and DIA"
"Having reached price resistance, a retreat by the DJIA, NASDAQ, QQQQ
and SPY has now started. The broken neckline in a head and shoulders
pattern and a falling 21-day ma both act as resistance levels. When they
overlap, they reinforce each other and resistance is more likely to
cause a reversal. Now that we have tested such resistance, a decline has started."
"NEW BUYS BUY B5 and BUY B17" (but) "the extreme downside volatility
we saw today alone should make us nervous. With the DJIA now at a year-long
price uptrend, we should be careful...I would prefer to see the TigerSoft Closing
Power to break its downtrend, before going 100% long. "
"Tthe completed head and shoulders patterns and Falling Closing Powers
are distinctly Bearish. SPY Head and Shoulders Patterns: 1983-2010:
"Bearishly, the major market ETFs' CLosing Powers' steep uptrend-lines are
being broken. They show developing head and shoulders patterns. But the
necklines have not been violated. If that happens, "duck and cover"