Wednesday, March 5, 2008

T.A. based on the closing prices of March 4, 2008.

  1. YI: -4 (The market may be due for some type of rally sooner rather than later.)
  2. Possible bottom here for: MOT
  3. Trying to bottom out in this area are: BAC, the BKX index, CREE, DVY, EBAY, GE, the IIX index, IWM, KEY, NST, NYB, OGE, PAYX, PLT, QQQQ, UN, XLF, and XMSR
  4. Extremely oversold now: TMA
  5. Standard oversold: AIG, C, CORS, and PTR
  6. Moderately oversold now: BA, CPB, EWU, LEN, MCD, QCOM, RNR, and XHB
  7. Trying to hold some rising trend line support: AMD, GF, GLD, KFT, MDC, MSCC, NLY, PCU, and PDS
  8. Trying to hold falling trend line support: BHP, BMY, GM, SNE, and TTH
  9. Attempting to hold the 28 DMA here: ACAS, PBY, TICC, and TKR
  10. Trying to break above some falling trend line resistance: AA and IDA
  11. Toppy here: AEM and ASA
  12. Probable top here for: XPLT
  13. Anything here could be off base.

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