Signals: T.A. based on the close of yesterday.

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.

Thursday, March 6, 2008

T.A. based on the close of yesterday.

YI: -3.5
Trying to bottom out in this area: MPG
Standard oversold: IFN and NAT
Moderately oversold now: CMI and EXP
Trying to hold some rising trend line support: LOW
Trying to hold falling trend line support: WB
Attempting to hold the 28 DMA here: CSL
Trying to break above some falling trend line resistance: HON, KO, and STX
Attempting to break above the 28 DMA here: AAPL and SVU
Up against rising trend line resistance: GLD and TSM
Anything here could be off base.

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