Friday, October 20, 2006

S&O's for the 10/19/06 close.

YI: +4.5

To a buy: The XAU hourly at 10 AM on 10/19/06.
Moderately oversold now: CY, MOT, NVLS, and SCHW
Trying to hold some rising trend line support here: BAC, CSCO, DJ, FBR, GE, GLW, heating oil, NOK, NSM, THQI, TSM and the XCI index.
Attempting to hold the 28 day moving average: ALEX, HMC, MDT, RFMD, RMBS, THQI, and TSM
Trying to break above some falling trend line resistance here: LSS, N, and the XNG index.
Now up against some rising trend line resistance: ASA
Standard overbought now: JNJ
Extremely overbought: The DRG index.
A possible top may be forming in this area for: INTU
Probable top here: MRK
A break out in either direction is on the way for: GFI
And as is always the case, anything posted here may be off base.

2 comments:

Anonymous said...

Really amazing charts with good explanations. Thanks!

Matt

Yogi Zuna said...

I appreciate the kind words Matt.

And after all these years, I am still seeking charting perfection... :)