Thursday, August 10, 2006

Update based on closing prices of 8/9/06

YI: -1.5

To a buy: WON and the XAU hourly at 10 AM yesterday.
Trying to bottom out here: CREE, PDE, RADN, and RHAT
Standard oversold at this point: MCRS, RIG, and X
Moderately oversold: STX
Trying to hold some rising trend line support: ALEX, AMTD, CBK, CGI, CMI, NFI, NWL, and SLE
Trying to hold some falling trend line support: FDP, GE, and RNR
Attempting to hold the 28 DMA here: EWD and PCU
To no position: The XAU hourly at 1 PM yesterday.
To a hold for now: CAKE and EBAY
Trying to break above some falling trend line resistance: CPB, OCR, and RFMD
Trying to break above horizontal trend line support: The XAU index.
Attempting to break above the 28 DMA here: EBAY and the IIX index.
Now up against some rising trend line resistance: FTO, HMC, SLV, and VZ
Moderately overbought: SHI
A possible top may be forming in this area for: JNJ, PG, and SUN
To a sell: ACAS
A break out in either direction is on thye way for: EMC
Anything posted here may be off base.

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