Thursday, August 24, 2006

S's & O's based on the closing prices of 8/23/06

YI: +0.5

Trying to hold some rising trend line support in this area: The BKX index, CPB, CSTR, CY, the DRG index, EWI, EWG, GOOG, and SLE
Trying to hold horizontal trend line support: NTES
Attempting to hold the 28 DMA here: GNSS, MOT, and QLGC
To no position for now: PBY
To a hold: SWC
Trying to break above some falling trend line resistance in this area: AMD, BAA, the dollar, gold, GG, and GLG
Attempting to break above the 28 DMA here: AA and MDT
Moderately overbought at this point: BPOP, CLG, EWC, FCX, PBY, REDF, SIFY, and WY
Standard overought now: ABX
Extremely overbought: PEG
A possible top may be forming in this area for: ABX, DVY, and SYMC
Anything posted here may be off base due to human error.

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