The 4Q hourly is trying to hold some rising trend line support in here... If it fails to hold support, the rally attempt may be over.
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For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.
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May
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- Hourly Signals:
- Signals $ Opinions
- Signals $ Opinions
- Signals $ Opinions
- The market is getting a bit tired here, and may be...
- Signals $ Opinions
- Many stocks and indices are now moderately overbou...
- Signals $ Opinions
- Signals $ Opinions
- Signals $ Opinions
- Signals $ Opinions
- XRX to buy also.
- Signals $ Opinions
- Can CREE fill in the downside gap on this rally?
- Gold is now getting a bit oversold.
- So once again, the YI failed to break above the ze...
- Signals $ Opinions
- Signals $ Opinions
- Can we break above the YI zero line today?
- Resistance at the YI zero line holding so far.
- Once again, the YI zero line acts as an area of re...
- Signals $ Opinions
- Hourly Signals
- A quarter point here, a quarter point there, and p...
- QQQQ Hourly
- Signals $ Opinions
- Signals $ Opinions
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May
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Current Moon Phase
About the ancient spirit:
- Yogi Zuna
- Older than the great pyramid and "catface" on Mars... been in the market since 1980.
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