Signals: Bsed on EOD September 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.

Tuesday, September 25, 2007

Bsed on EOD September 24, 2007.

YI: +1
Trying to hold some rising trend line support: ABX, AU, AXP, CSCO, FXC, and GLD
Trying to hold falling trend line support: BLG
Attempting to hold the 28 DMA here: AMTD and BKS
Trying to break above some falling trend line resistance: FXB
Attempting to break above the 28 DMA here: BAA and ERS
Up against rising trend line resistance: BKC
Moderately overbought : CMC, ELN, and EWU
Standard overbought: AAPL, AAUK, BA, and GG
Extremely overbought: ASA
Possible top here for: CLF
Toppy now: EWC, EWG, EWI, EWP, and GFI
Anything here may be off base.

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