Signals: Based on EOD Jan. 15, 2008

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.

Wednesday, January 16, 2008

Based on EOD Jan. 15, 2008

YI: -2
Probable bottom here for: RT
Extremely oversold: NEM
Standard oversold: BKC
Moderately oversold: CREE
Trying to hold some rising trend line support: IFN, RNR, SNE, and UN
Trying to hold falling trend line support: BA, JWN, NYB, and PAYX
Attempting to hold the 28 DMA here: IFN
Trying to break above some falling trend line resistance: AMAT, PDS, and SNDK
Attempting to break above the 28 DMA here: BGF, ERF, and NTES
Standard overbought: FXY
Extremely overbought: ABX and XPLT
Anything here may be off base.

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