Friday, August 4, 2006

Update base on closing prices of 8/3/06

The YI is still at the zero line, waiting for a breakout in either direction for the market.

To a buy: EBAY
A possible bottom may be forming in this area for: EMC and GLW
Trying to bottom out now: AVP, BMY, CSCO, and GOOG
Trying to hold some rising trend line support: AEM and HMY
Attempting to hold the 28 DMA: EOG
Trying to break above some falling trend line resistance here: CGI, DELL, and FBR
Now up against some rising trend line resistance: AAUK and heating oil.
Moderately overbought now: AU, CDE, and EWC
A possible top may be forming in this area for: ABX
To a sell: BAC and the XAU hourly at 10 AM yesterday.
More later.
Anything posted here may be off base.

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