Saturday, August 9, 2008

Update based on the August 8, 2008 EOD prices.

  1. YI: -1.5
  2. Possible bottom here for: T
  3. Oversold: PEG
  4. Moderately oversold: FXI and RGLD
  5. Trying to hold some rising trend line support: ACAS, CY, MEOH, and PDS
  6. Trying to hold falling trend line support: AA, AEM, BHP, and OKE
  7. Attempting to hold the 28 DMA here: PTR, TLB, and WY
  8. Up against rising trend line resistance: MCD
  9. Trying to break above some falling trend line resistance: ALEX, OGE, STX, and WSO
  10. Overbought: CNK
  11. Anything posted here may be off base.

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