Friday, June 6, 2008

Update based on EOD June 5, 2008.

  1. YI: +2... So once again, the YI zero line indicated a zone of support for the market.
  2. Possible bottom here for: KEY, TSU, and WB
  3. Extremely oversold: BAC
  4. Standard oversold: KBE and NOK
  5. Moderately oversold: ACH, ASA, GLD, and PEP
  6. Trying to hold some rising trend line support: AAUK, AEM, SUN, and TCK
  7. Attempting to hold the 28 DMA here: AEM, GG, and T2118
  8. Up against rising trend line resistance: MSCC, NST, and TSM
  9. Trying to break above some falling trend line resistance: DVY, PAYX, TTH, UN, and XMSR
  10. Attempting to break above the 28 DMA here: NWL
  11. Standard overbought: GIS and HMC
  12. And anything posted here may be off base.

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