T.A. Update for 10/9/2008.

1. Yi: -5 (We are deeply oversold here, so some type of bounce is to be expected.)
2. Probable bottom here for: $PLAT, $XOI, ACH, CLF
3. Possible bottom here for: $CRB, $IIX, $SOX, $SPX, $WTIC, AAPL, AMAT, ARM, BGF, CAKE, CAT, COGO, CPSL, CREE, CSIQ, CTB, DELL, ERIC, EWI, EWJ, EXP, FTO, FXI, GA, GE, IWM, IYY, JASO, LDK, LEN, PBW, PBY, PEG, PTR, QQQQ, STX, T, UYG, WATG, WDC, WGW, X, XLU
4. Trying to bottom out in this area: AXB, BNI, CSL, GPC, LOW, MCD, MFE, NWL, PEP, SYY, TOT
5. Extremely oversold now: ACAS, DVY, ERIE, GM, GOOG, LUFK, MEOH, MER, VFC
6. Standard oversold: $HGX, ACH, BAC, BMY, C, CNK, KBE, KO, LMT, MTH, PNRA, SHLD, WSO
7. Moderately oversold now: GIS, MMC, NTES, PAYX, PG
8. Attempting to hold the 65 DMA here: USB
9. Moderately overbought: $GOLD, GLD, RGLD
10. More later. Anything here could be off base.