S's & O's based on the closing prices of 8/31/06

YI: +2

Trying to bottom out in this area: BAA, heating oil, GR, and RIG
Moderately oversold now: COP, KO, and SU
Trying to hold some rising trend line support here: EOG, GLW, JCP, PHG, SFY, and TKR
Attempting to hold the 28 DMA here: CREE, LMT, and WMB
To no position for now: AMZN and the XAU hourly.
Trying to break above some falling trend line resistance at this point: CAT, CMI, CPB, EMC, GFI, GRZ, MMC, OCR, PBY, and RMBS
Attempting to break above the 28 DMA here: BMY, PNRA, SBUX, SHI, SPC, and TSY
Now up against some rising trend line resistance: EWI, T2104, and WGII
Moderately overbought now: AMZN, DELL, DJ, the DJ-30, EBAY, ELY, ENER, ERIC, GT, the IIX index, IWM, MAT, MDT, NSM, PLT, QLGC, RADN, RI, SGP, WHR, XLB, XLE, and YCC
Standard overbought at this level: BGF, the DRG index, ENR, F, NVLS, TTH, and XLP
Extremely overbought now: AMN
A possible top may be forming in this area for: AMAT, AMN, APPB, C, GT, MU, SMH, VZ, and XLK
And of course, anything posted here may be off base due to human error.