Tuesday, October 28, 2008

Update for Oct. 28, 2008.

  1. 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".
  2. To a buy signal: $CRB
  3. Probable bottom here for: $SOX
  4. Possible bottom here for: WHR
  5. 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
  6. Extremely oversold: $IIX, CSIQ, EWJ, IBM, KO, TKR, UYG, WFR, WY
  7. Moderately oversold: PBCT
  8. Toppy here: $VXO and QID
  9. Probable top here for: $USD
  10. Anything posted here may be off base.

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