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ctfrombt
Posted : Tuesday, October 4, 2005 9:54:32 AM
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Joined: 12/7/2004
Posts: 54
 I run a scan for long swing trade opportunities. Some of the criteria are up a certain percentage on high volume. Last night a number of them show strong TSV divergences over the past month. Examples are TEX, PLAY, CELL, SQM, and QSII. Any thoughts? Distribution? Usually the price pattern implies a long swing opportunity. This time?
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bustermu
Posted : Tuesday, October 4, 2005 1:15:47 PM
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Joined: 1/1/2005
Posts: 2,645
 ctfrombt,

My guess is that you are observing TSV18 Simple. Let's consider PLAY only.

If the looks of TSV18 Simple are disturbing, switch to TSV35 Simple.

There is Net Share Accumulation (as measured by TSV anyway) over every interval ending on 10/03/05. Few stocks can match that achievment. One way to determine this is to observe that TSVP Simple is positive for every Period P.

If stock Price always follows the lead of TSV, PLAY is going to take off.

Thanks,
Jim Murphy
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ctfrombt
Posted : Tuesday, October 4, 2005 3:51:45 PM
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Joined: 12/7/2004
Posts: 54
 Jim,
Thanks for your response. I would interpret the change in character of TSV as we look at shorter timeframes as ominous. The negative behavior evident on a shorter timeframe (look at TSV9 for example) highlight the recent deteriation compared to ~ one month ago. I would tend to look at it as a potential short if it doesn't break decisively out.
regards,
Bruce
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schipperke
Posted : Wednesday, October 5, 2005 7:37:07 AM
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Joined: 4/10/2005
Posts: 8
 Not sure about PLAY. As of August, 28% of the float was short, in September 24%. Could be a rush to cover? This was a Kramer "tout". I noticed in after hours while his show was on the stock more than doubled the gain it closed at.
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ctfrombt
Posted : Thursday, October 6, 2005 5:03:31 PM
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Joined: 12/7/2004
Posts: 54
 Given the last few days performance of the market it is not unusual that the stocks I mentioned above all declined. I posted my observation because it was unusual to see the number of divergences showing up in my scans.
The price performance of the stocks mentioned above :
Stock Mon close Thurs close
TEX 52.32 49.83
PLAY 29.00 28.96
QSII 73.83 67.93
CELL 20.21 18.93
SQM 133.37 126.50
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