Thursday, December 21, 2006

Based on the close of 12/20/06.

YI: +4.5

Trying to bottom out here: CREE, MSCC, MU, and PNRA
Standard oversold: TASR
Moderately oversold: JNPR, PMCS, RMBS, SIFY, and WTS
Trying to hold some rising trend line support: AAUK, PCU, PDE, and PHI
Attempting to hold the 28 DMA here: BKS, IYM, MDC, and XLK
Trying to break above some falling trend line resistance: CGI, CHC, HMY, PHG, and SNDK
Now up against some rising trend line resistance: ERIC and IBM
Moderately overbought: RHT and SYMC
Standard overbought: HMC
A possible top may be forming in this area for: GE and WB
Toppy here: ACAS
A break out in either direction is on the way for: AMAT
Anything posted here could be off base.

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