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August 15 Activity Report

August 15, 2008
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Activity Report by Kathy P
August 15, 2008

Our expectancy so far is 68% losers, 32% winners, +10% per winners, – 9% per losers

Since we began our trading experiment out portfolio is down 14.5% while the SPX is down 13.9%
(1484.25 down to 1278.60)  The S&P pulls ahead even more!

Current Group $SPX Posture:
NEUTRAL but intermediate green line on market forecast is out of the lower reversal zone and has gotten into the upper reversal zone.

Market forecast – Intermediate line is just out of the upper reversal zone at 78.59.  The momentum line is in the lower reversal zone.  The intermediate line is headed down and is at around 50.  There are bearish divergences in the near term line – lower highs, lower lows. The sentiment line is flattened out, imperceptibly rising.

MACD and stochastics are heading down.  The stochastics has a red arrow today and the MACD will probably have one tomorrow.  Candles are above the 30 day moving average BUT the down candle today has penetrated the uptrend line I have drawn, though not by much.  We’ll see.  There seems to be horizontal support at around 1275.  Let’s see if it will hold.

Portfolio $ Change Today  -$1068 (this includes Friday)

Portfolio Today $42753.35 — minus 14.5% from $50,000 – this stinks!  We have to change our rules.

Current Positions, Cost Basis, and Stops:
230 FLIR @ 37.45, stop loss 34.99
141 CMED @ 46.05, stop loss 40.08
365 PRXL @ 28.13, stop loss 25.69
187 ABT @ 58.71, stop loss 53.99
204 HAS @ 40.80, STOP LOSS 36.24
111 FCN @ 74.05, stop loss 65.79
185 MPWR @ 27.91, stop loss 22.93

Buy Orders Filled Today:
Stops Moved:

Stops Triggered – Closed Positions:

New Buy Orders Placed with Stop Loss:
Buy 133 shares WAB @ 58.01, stop loss 51.56, order to stand through 8/21

Existing Unfilled Buy Orders:

Expired Buy Orders:

FLIR is going sideways.

CMED is right at the 30 day and going sideways on low volume.

PRXL gapped up on earnings and has pulled back into a flag or pennant.

ABT went up Friday and is down today – buyers stepped in at the end.  Looks like it could be getting ready to break up and out.

HAS has found support at the 30 day.  It looked like it was breaking out but it has just headed down from there where we entered.

FCN showing some strength in that it didn’t go down with the market today.  Produced a higher high and higher low but closed in the middle of it’s range.

MPWR generated it’s 3rd red today…. The pattern it’s making is pretty bad.  Stop doesn’t move as it is where it would be if it were moved.

WAB 3 greens today with substantial volume.  Moving average uptrending.  Everything looks like it needs to.  Will place a buy order.

SOHU 3 greens but moving average sideways and no volume spike.

Oh WOW DV broke down on earnings – sell puts!Au

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