After a very nice rally from the recent oversold lows, the XAU hourly chart is now standard overbought in my opinion.
Thursday, June 16, 2005
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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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June
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- XAU hourly now "standard overbought" again.
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- XAU hourly chart moderately overbought at 1 PM.
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- XAU hourly now moderately oversold as of noon.
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- QQQQ hourly chart to sell at 10 AM.
- Signals & Opinions
- Signals $ Opinions
- XAU hourly chart now overbought.
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- Signals $ Opinions
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- Signals & Opinions
- Signals $ Opinions
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- Signals & Opinions
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- Some leftovers
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- XAU hourly chart now "officially" overbought.
- Signals $ Opinions
- Signals $ Opinions
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June
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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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