Friday, June 30, 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.
2 comments:
Yogizuna, I wanted to get in touch with you but could not find an email address on your blog or any other contact information.
My name is Asif Suria and I am the editor of an investment newsletter called SINLetter. Could you send me an email by using the contact form on my website or directly at asif at sinletter dot com?
Thanks,
Asif
OK Asif, I will try to reach you that way.
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