Monday, March 20, 2006

Daily Update for: 3/20/06

YI: +5
Trying to bottom out in this area: NVLS and XMSR
Moderately oversold at this point: PG and SMTC
Now trying to hold some rising trend line support: JNPR, MU, NTES, and RADN
Now attempting to hold some falling trend line support: AMAT, MDT, SMH, and TZOO
Attempting to hold the 28 day moving average here: EMC
Trying to break above some falling trend line support: ABX, ERF, PCU, POM, SNA, and the XNG index.
Trying to break above horizontal trend line resistance: BAC
Now attempting to break above the 28 day moving average: F, FDP, GT, MSO, RIO, and SGP
Up against some rising trend line resistance: X
Moderately overbought now: AA, BPOP, C, CHK, EOG, GPC, LSS, NI, RHAT, RI, SKS, SWC, WGII, and XLE
Standard overbought at this point: BKS, DO, FXE, GYMB, abd OXY
Extremely overbought here: cat
A possible top here: BAC, BR, the DJ-30, DVY, ECA, FTO, JNJ, LMT, OGE, RIG, SPC, and WB
A break out in either direction is on the way: CHINA
Anything posted here may be off base.

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