Monday, March 27, 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.
Blog Archive
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2006
(531)
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March
(49)
- TIE (Titanium Metals Corp.) looks toppy to me again.
- REDF (Rediff.com India Ltd.) may be putting in som...
- Daily Update for 3/31/06
- NFI (Novastar Financial, Inc.) is now overbought.
- Daily Update for 3/30/06
- FTO (Frontier Oil Corp.) sure looks toppy here to ...
- Daily Update for: 3/29/06
- RMBS (Rambus Inc.) may be in the process of making...
- AEM (Agnico Eagle Mines Ltd.) may be in the proces...
- Daily Update for: 3/28/06
- CREE (Cree Inc.) may be making at least a short te...
- Daily Update for: 3/27/06
- ERICY (Ericsson LM Tel Co.) may be topping out in ...
- Daily Update for: 3/24/06
- AAPL (Apple Computer, Inc.) is trying to bottom ou...
- Daily Update for: 3/23/03
- SFY (Swift Energy Co.) is trying to bottom out aro...
- Daily Update for: 3/22/06
- BA (Boeing Co.) may be topping out in this area.
- Daily Update for: 3/21/06
- A possible top may be here for the Dow.
- Daily Update for: 3/20/06
- JOSB (Jos. A. Bank Clothiers, Inc.) may be topping...
- Daily Update for 3/17/06
- Daily Update for 3/17/06
- The DRG index may be making a top here.
- Daily Update for: 3/16/06
- YHOO (Yahoo!, Inc.) may be putting in a bottom here.
- Daily Update for: 3/15/06
- GOOG (Google, Inc.) is trying to bottom out.
- Daily Update for: 3/14/06
- EBAY (eBay, Inc.) may be bottoming out here.
- Daily Update for: 3/13/06
- GFI (Gold Fields Ltd.) is trying to put in a bottom.
- Daily Update: 3/10/06
- CLF (Cleveland Cliffs, Inc.) is trying to bottom o...
- Daily Update: 3/9/06
- AAPL (Apple Computer, Inc.) is trying to bottom out.
- Daily Update: 3/8/06
- STX (Seagate Technology Holdings, Inc.) may be put...
- Daily Update for: 3/7/06
- FDP (Fresh Del Monte Produce) is trying to put in ...
- Daily Update for: 3/6/06
- Harmony Gold Mining Co. Ltd. (HMY) is trying to bo...
- Daily Update for: 3/3/06
- Barrick Gold Corp. (ABX) is trying to bottom out.
- Daily Update for: 3/2/06
- Juniper Networks (JNPR) may try to fill in the dow...
- Daily Update for: 3/1/06
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March
(49)
Current Moon Phase
About the ancient spirit:
- Yogi Zuna
- Older than the great pyramid and "catface" on Mars... been in the market since 1980.
5 comments:
Rambus will only top out when the judge makes a decision regarding its legal case. Then it will probably fall ooff quite a bit since its valuation is so staggering.
Yes I understand your point, but at least on the daily chart, RMBS is showing signs weakening and may be forming at least a short term top.
. . . add another $1.75 to the top. Throw away your chart. You can not chart Rambus. You will do better following your horoscope.
Treowth
If you are looking for perfection in technical analysis, you are looking for the "holy grail" and will never find it... If I see a possible top in the making, I will continue to call it as I see it, but perfection is out of the question and not my goal... What I do is try to have a decent "batting average", and that is all.
To Any Donkey:
Well, well, well... The RMBS possible top call was early yes, but still profitable at this point.
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