Friday, March 2, 2007
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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.
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2007
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March
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- PXD may need to correct here.
- Based on the close of 3-29-07.
- HIT looks like it needs to correct a bit.
- Based on the close of 3-28-07.
- SNDK seems to be a bit overbought here.
- Based on the close of 3-27-07.
- Late again because of Blogger's "captcha answer" p...
- CLF seems a might toppy here, I'll garentee ya that!
- Based on the close of 3-23-07.
- The VXO is starting to look bearish again.
- Based on the close of 3-22-07.
- QLGC to an initial buy here.
- Based on the close of 3-21-07.
- GM is trying to bottom out.
- Based on the close of 3-20-07.
- IRF is trying to bottom out.
- YI: +1.5Trying to bottom out now: IRFStandard over...
- JNJ is trying to bottom out.
- Late today because Blogger is not working well wit...
- STMP looks like it is trying to bottom out.
- Based on the close of 3-15-07.
- FTO seems a bit toppy here.
- Based on the 3-14-07 close.
- PEG is extremely overbought now in my opinion, eve...
- Based on the 3-13-07 close:
- ABX is trying to bottom out again.
- Based on the 3-12-07 close.
- INTU is working on bottoming out.
- Based on the 3-9-07 close.
- PLL is a bit toppy here.
- Based on the close of 3-8-07
- Late this morning because Blogger would not let me...
- Based on the 3-6-07 close.
- NSC is trying to bottom out.
- Based on the 3-5-07 close.
- Based on the 3-2-07 close.
- MU is trying to put in a bottom under bad market c...
- Based on the closing prices of 3-1-07
- HPQ is trying to put in a temporary bottom.
- Based on the closing prices of 2-28-07
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March
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Current Moon Phase
About the ancient spirit:
- Yogi Zuna
- Older than the great pyramid and "catface" on Mars... been in the market since 1980.
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