Thursday, December 8, 2005

Daily Update:

YI: +3.5

Possible bottom here: KMX and UST
Moderately oversold now: ACAS, PCL, TSY, and XMSR
Now trying to hold some rising trend line support: CBK, CGI, DUK, the E-Mini 500, LSI, MO, and MRVL
Now trying to hold some falling trend line support: JNJ
Attempting to hold the 28 DMA: DVY, HIT, NSC, and WB
To no position for now: ERICY
Now trying to break above some falling trend line resistance: ABX and CDE
Moderately overbought now: ERICY, NWL, and THQI
Overbought at this point: AEM, GLD, NEM, PHI, SU, WTZ, and the XNG index.
Now up against some rising trend line resistance: GR, KGC, and USU
Possible top here: ACF, BHI, DD, EWC, EWJ, EWU, OXY, and RFMD
Probable top here: BBBY
To a sell: AAPL, LSS, and STX
A break out in either direction is on the way: SKS
And as is always the case, anything posted here may be off base.

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