- The "Yi" is -5 again, indicating a very oversold condition in the stock market, so it is no surprise it appears we will have a rally today, and for the more intermediate term time frame, we are due for a significant bear market rally. But remember folks, when it comes to the long term bear market, "it ain't over till it's over".
- To a buy signal: $CRB
- Probable bottom here for: $SOX
- Possible bottom here for: WHR
- Trying to bottom out in this area: AXB, BAC, BGF, CAKE, CSL, DVY, ELN, FCX, FNM, FTO, GE, GLW, GOOG, GPC, HMY, IYY, JASO, KBE, LOW, MMC, MSCC, MTH, NOK, NWL, PAYX, PEP, PG, PTEN, ROK, SDTH, SLV, T, TKR, TOT, TSL, TSM, UGP, URE, USD, UYG, V
- Extremely oversold: $IIX, CSIQ, EWJ, IBM, KO, TKR, UYG, WFR, WY
- Moderately oversold: PBCT
- Toppy here: $VXO and QID
- Probable top here for: $USD
- Anything posted here may be off base.
Tuesday, October 28, 2008
Update for Oct. 28, 2008.
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