- YI: -1
- Trying to bottom out in this area are: AIG, C, EBAY, IFN, TLB
- Moderately oversold at this point: HMC and NAT
- Attempting to hold the 28 DMA here: CSY, GOOG, IWM, KO, SUN, TKR, WATG
- Attempting to break above the 28 DMA here: $CRB, $WTIC, AEM, AKNS, CLF, PEG
- Moderately overbought now: GCX, NEM, TSL
- Toppy here: LDK, OCR, OGE
- Anything posted here may be off base.
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.
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