Signals: Based on EOD July 23, 2007.

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.

Tuesday, July 24, 2007

Based on EOD July 23, 2007.

YI: +2.5
Possible bottom for: CHC
Trying to bottom out: ACF
Standard oversold: CFC and ENER
Moderately oversold: ACAS, AMTD, the BKX index, BMS, C, ELY, EXP, and GOOG
Trying to hold some falling trend line support: AMAT, AMZN, EBAY, and EEFT
Attempting to hold the 287 DMA here: ALEX, CMC, EWI, and FTO
Trying to break above some falling trend line resistance: GRZ
Up against rising trend line resistance: AAPL
Moderately overbought: FXY
Standard overbought: BAA
Possible top here for: ABX, AEM, and BA
Toppy: GG and GLD
More later. Anything here mmay be off base.

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