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.
Thursday, July 28, 2005
Chart of the Day: GOOG
Interesting how GOOG is trying to hold on to the 28 day moving average here. http://stockcharts.com/def/servlet/SC.web?c=GOOG,uu[h,a]daclyyay[dc][pb4!b28][vc60][iUo14!Ld56]&pref=G
No comments:
Post a Comment