Wednesday, August 13, 2008

Update based on the close of August 12, 2008.

  1. YI: -1.5
  2. Possible bottom here for: ASA
  3. Trying to bottom out in this area: ABX and QID
  4. Extremely oversold: BHP, GFI, GG, GLD, PCU, and XSLV
  5. Oversold: OKE
  6. Trying to hold some rising trend line support: LEN and MEOH
  7. Trying to hold falling trend line support: PTR
  8. Trying to break above some falling trend line resistance: AAPL, ACAS, BPOP, GOOG, HON, PBW, PEG, SPWR, TPX, TSL, and WFR
  9. Attempting to break above the 28 DMA here: GM, T, TTH, and V
  10. Moderately overbought now: BPOP, IYY, NWL, and T2118
  11. Overbought: IWM, SEE, and WHR
  12. Possible top here for: QQQQ
  13. Toppy at this point: JNJ
  14. Anything posted here may be off base.

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