Signals: T.A. analysis for the close of Feb. 22, 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.

Monday, February 25, 2008

T.A. analysis for the close of Feb. 22, 2008.

YI: -2
Extremely oversold: SOLF
Standard oversold: BMY
Moderately oversold now: ARM, CY, GE, GM, and IYM
Trying to hold some rising trend line support: SYY, VFC, and WSO
Trying to hold horizontal trend line support: PLT
Trying to hold falling trend line support: AAPL, C, IDA, and NST
Attempting to hold the 28 DMA here: AVP, BAC, SEE, and XMSR
Moderately overbought now: MEOH
Standard overbought: ACH and GG
Toppy here: GGB and UGP
A break out in either direction is on the way for: The IIX index and SGP
Anything here may be off base.

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