Tuesday, January 8, 2008

Here is the rest of the work based on the close of Jan. 7, 2008.

  1. Possible bottom here for: LOW
  2. Trying to bottom out in this area: KEY, KFT, LEN. MOT, the OEX index, PAYX, PBY, ROK, SPC, VFC, and WHR
  3. Extremely oversold: MRVL and SNDK
  4. Standard oversold: The IIX index, JWN, MDC, MER, MFE, QLGC, SEE, SKS, SMTC, and STX
  5. Moderately oversold: IYM, MPG, PHG, PLL, QQQQ, RNR, RYL, SNA, the S&P-500, SUN, WDC, and WY
  6. Trying to hold some rising trend line support: IYM, MEOH, PCU, PTEN, RIO, the S&P-500, and WTS
  7. Trying to hold falling trend line support: IWM, MSCC, NSC, SGP, TOL, WB, WOR, and XLF
  8. Attempting to hold the 28 DMA: IFN, NX, and the XOI index.
  9. Trying to break above some falling trend line resistance: JNJ, LUFK, VFC, and WSO
  10. Anything here could be off base.

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