Signals: Based on the close of August 24, 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.

Monday, August 27, 2007

Based on the close of August 24, 2007.

YI: -2
To a buy: HMY
Trying to bottom out in this area: CBK, EOG, F, JCP...
Trying to hold some rising trend line support: ADP, CSL, EEFT...
Attempting to hold the 28 DMA here: IDA, KO...
Trying to break above some falling trend line resistance: ABX, BAC, BMY, BTK, CHC, DJ-30, DO, DVY, EWA, GFI, GG, GGB, HMY...
Attempting to break above the 28 DMA here: ACAS, BVN, CMC, CORS, DRG, GLW, GOOG...
Moderately overbought now: AEM, EMC, FDP, FXC, IYM...
More later. Anything here may be off base.

Monday, August 27, 2007

Based on the close of August 24, 2007.

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