Signals: Based on EOD Dec. 11, 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, December 11, 2007

Based on EOD Dec. 11, 2007.

We had some excellent "stock market blues" today, as the crowd at the Blue Note Cave were jamming away like crazy...

YI: +1
Trying to hold some rising trend line support: MMC, REDF, and TKR
Attempting to hold the 28 DMA here: EEFT
Up against rising trend line resistance: PLT
Moderately overbought now: BKC and PHG
Standard overbought: X
Possible top here for: STX
Probable top here for: IFN
A break out in either direction is on the way for: QCOM, TICC, and XPLT
Anything here may be off base.

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