Signals: Based on EOD September 7, 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, September 10, 2007

Based on EOD September 7, 2007.

YI: -3.5
Possible bottom here for: C, CFC...
Extremely oversold: ENER
Moderately oversold: ACAS, EWI, EWJ, EWP...
Trying to hold some rising trend line support: BHP, BLG, DELL, DO, EWC, EWQ, FCX, FTO, FXC...
Trying to hold falling trend line support: AAPL, ACF, ARM, BKX, BPOP, CAKE, CAT, CSCO...
Attempting to hold the 28 DMA here: AAPL, ENR...
Trying to break above some falling trend line resistance: BTK, CHK...
Attempting to break above the 28 DMA here: EOG
Moderately overbought: ELN, FXB...
Standard overbought: ASA, ABX, BVN...
Extremely overbought: AEM
A break out in either direction is on the way for: BMS
Anything here may be off base.

Monday, September 10, 2007

Based on EOD September 7, 2007.

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