Signals: Based on the 2-6-06 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.

Wednesday, February 7, 2007

Based on the 2-6-06 close.

YI: +4.5
Trying to bottom out: PLT
Moderately oversold: BKC, GOOG, LSI, and STX
Trying to hold some rising trend line support: ACAS, DO, and ENER
Trying to hold some falling trend line support: MSCC and SBUX
Trying to break above some falling trend line resistance: ADP and SIFY
Now up against some rising trend line resistance: GPC
Moderately overbought: ABX, CLG, ECA, and TZOO
Toppy here: CY and OCR
A break out in either direction is on the way for: BGF and NTES
Anything posted here could be off base.

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