T.A. Update for Oct. 7, 2008.

1. Yi: -5 (Two days in a row at -5, indicates the market is extremely oversold now)
2. Possible bottom here for: B, BNI, CBK, CDE, CLF, CPSL, PGM, SU
3. Trying to bottom out in this area: $IIX, $SOX, $XAU, $XOI, AA, AAPL, AMAT, ASA, CAT, CSIQ, ERIC, FTO, NEM, PTEN, X
4. Extremely oversold now: $DJX, AKNS, ARM, BA, BGF, BZP, EWA, EWI, EWJ, EXP, FTO, FXI, GLW, IFN, IYY, JASO, LDK, MEOH, MOT, NOK, QQQQ, SDTH, SEED, SKS, STX, SUN, TAN, TIE, TOT, TSL, UGP, USD, UYG, V, WDC, WOR
5. Standard oversold: ABX, ACAS, AXB, CAKE, CREE, CSL, EEFT, EGO, GE, GG, GPC, IDA, JNJ, KGC, LEN, LOW, LUFK, MSCC, NAT, NTES, NWL, OGE, PAYX, PEG, PTR, ROK, SPWRA, TPX, TSM, VFC, WHR
6. Moderately oversold: $HGX, AVP, C, CNK, DVY, MCD, MTH, NST, OCR, PEP, PLL, SHLD, SYY
7. Attempting to hold the 28 DMA here: GIS and USB
8. Attempting to hold the 65 DMA: BPOP, KFT, MBI, PG, WY
9. Possible top here for the $VXO
10. Going parabolic (which usually means a top is near): $VXO and QID
11. And as is always the case, anything posted here may be off base.