Thursday, February 23, 2006
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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.
4 comments:
You are doing a good job with these Yogi. I like the chart links. You might change it so say Chart Here, rather than Link. Anyway, keep up the good work! I check your site at least a couple times a week.
Thanks Ron. I suspect GOOG is retaliating against me by messing up my blog so the chart pictures will not display properly anymore so you would not have to click on the link... Freedom of speech, ha!
Post something critical of GOOG on the Silicon Investor boards, and expect retaliation.
TIE is my best investment ever...
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http://www.insidejoeshead.com
Yes, TIE can be a good one to hold (if bought near bottoms) or trade, but be careful of the bid/ask spreads shortly after the open.
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