Blood in the Streets. T.A. update for 10/8/2008.

1. Yi: -5
2. Now in "waterfall declines" or "reverse parabolic arcs", which normally means some type of bottom is getting very close at hand: $CRB, $IIX, $SOX, $SPX, $XOI, AA, AAPL, AMAT, B, BGF, CLF, CSIQ, EWI, FXI, GF, GLW, GOOG, IWM, IYY, JASO, LDK, LUFK, MEOH, MOT, NWL, PBW, PEG, PLL, PTEN, PTR, QQQQ, ROK, SDTH, STX, SU, TAN, TIE, TOT, TSL, UGP, USD, V, WATG, WDC, WFR, X, XLU
3. Possible bottom here for: $PLAT, FXF, NOK, SLV
4. Trying to bottom out in this area: AEM, CTB, EEFT, EGO, IFN, KGC, SEED
5. Extremely oversold now: $WTIC, ASA, COGO, ELN, GE, GFI, IBM, MTH, NEM, T
6. Moderately oversold: ACF, ERIE, PEP, PHI, WY
7. Trying to hold the 65 DMA here: PBCT
8. Extremely overbought now: $USD
9. Anything posted here may be off base.