Signals: Here is the rest of the work based on the close of 8/8/07.

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.

Friday, August 10, 2007

Here is the rest of the work based on the close of 8/8/07.

Trying to bottom out: SHI
Trying to hold some rising trend line support: TMO
Trying to hold falling trend line support: SFY and SNE
Trying to break above some falling trend line resistance: SBUX, SNDK, SPC, and WMB
Attempting to break above the 28 DMA: STMP, TSS, and XLF
Up against rising trend line resistance: The S&P-500 and the XOI index.
Moderately overbought: WTS
Anything here could be off base.

Friday, August 10, 2007

Here is the rest of the work based on the close of 8/8/07.

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