Signals: Here are the rest of the S&O's based on the 10/05/06 close.

For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.

Friday, October 6, 2006

Here are the rest of the S&O's based on the 10/05/06 close.

Trying to bottom out: SNE
Moderately oversold: XMSR
Trying to hold some rising trend line support: VZ
Attempting to break above some falling trend line resistance: WGII, WMB, the XAU index, and the XOI index.
Standard overbought at this point: XLK
Extremely overbought: XLF

Friday, October 6, 2006

Here are the rest of the S&O's based on the 10/05/06 close.

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