Sunday, September 24, 2006

S&O's based on the closing prices of 9/22/06

YI: +2.5

To a buy: GG and HMY
A possible top may be forming in this area for: AEM and BAA
Trying to bottom out in this area: AU, CUP, HIT, MTU, NFI, OGE, PEG, and TASR
Standard oversold now: RDC, XLE, and YHOO
Moderately oversold at this point: NSC and PDE
Trying to hold some rising trend line support here: AMAT, the BKX index, CMI, CPB, DELL, the DJ-30, ELN, FDP, IDA, IWM, MDT, MFE, TKR, TSS, TXU, WGII, and the XCI index.
Trying to hold falling trend line support: ARM, CAT, ECA, and GRZ
Attempting to hold the 28 DMA here: ACF, ALEX, AMZN, GE, INTC, MDC, NVLS, PMCS, QLGC, RMBS, SMH, SNA, SNDK, TSY, and XLP
Trying to break above some falling trend line resistance here: BA, GR, LMT, and RHAT
Now up against some rising trend line resistance: BAC and CLG
Moderately overbought now: TYC
Standard overbought at this point: EWP, PG, PHG, SYMC, and VZ
Extremely overbought and may be getting ready for some type of correction: GYMB
A possible top may be forming in this area for: MAT
A break out in either direction is on the way for: RIG
And as is always the case of course, anything posted here could be way off base.

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