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Cumulative Charts - 5/20/11


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#1 fib_1618

fib_1618

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Posted 21 May 2011 - 01:14 PM

Are now up and can be reviewed by clicking here.

ETS +25 - Hold with Protective Bearish Stops (below market).

Special Note: Upon closer examination this week, I've noticed that the New Highs/New Lows cumulative data of both the TSX and CDNX markets have not be updated since May 2nd. Although this hasn't changed the ETS generated strategy for the last 2 weeks, I have decided to count both of these data sets as being "neutral" this week (and not in Bullish Configurations as noted) until I hear back from Stock Charts as to whether this information will be available in the future or not. I hope to have an answer on this by the next update of May 27th where any adjustments will then be made to provide proper continuity to this same information.

As a reminder, ETS strategies are as follows:

+85 to +100 = Strong Buy
+65 to +80 = Buy
+45 to +60 = Hold with a Bullish Bias
+25 to +40 = Hold with Protective Bearish Stops (below market)

+20 to -20 = Cash Position (with the zero line the demarcation point between a friendly and hostile market environment)

-25 to -40 = Hold with Protective Bullish Stops (above market)
-45 to -60 = Hold with a Bearish Bias
-65 to -80 = Sell
-85 to -100 = Strong Sell

Fib

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