S's & O's based on the closing prices of 8/24/06

YI: +0.5

Trying to bottom out in this area: ARM, CIG, IRF, LSI, MCRS, MDC, MRVL, PDA, and SBUX
Moderately oversold now: OCR and RIO
Trying to hold some rising trend line support: EBAY, EWQ, GRZ, IDA, MER, NFI, SLE, T2106, THQI, TIE, TMO, TXU, and WOR
Attempting to hold the 28 DMA here: ELY, GNSS, HIT, INTU, MOT, MU, PLL, RNR, SCHW, STP, TASR, and WGII
Trying to break above some falling trend line resistance: INTC and NSM
Attempting to break above the 28 DMA here: MMC and RMBS
Now up against some rising trend line resistance: JNJ
Moderately overbought now: ERF, EWC, and SIFY
Standard overbought: KGC
A possible top may be forming in this area for: ALEX and PG
A break out in either direction is on the way for: BAA, DELL, and N
Anything posted here may be off base due to human error.