Wednesday, October 29, 2008

Update Oct. 29, 2008.

  1. Yi: -2.5 (So we had a significant rally off the Yi -5 secondary low as predicted, but I still am not convinced the bear market is completely over yet longer term.)
  2. Probable bottom here for: $HGX, AKNS, ARM, AXB, BPZ, CAT, CPSL, EEFT, EWI, GF, PGM
  3. Possible bottom here for: CTB
  4. Trying to bottom out in this area: AEM, AIG, CHK, COGO, CSIQ, ERIE, GA, GM, LEN, LUFK, MKC, NAT, OCR, PBW, PBY, PLG, SHI, TAN, TPX, WATG, WFR, WOR, X
  5. Extremely oversold: EXP
  6. Moderately oversold: The gold weekly chart.
  7. Attempting to break above the 28 DMA here: JNJ and PEG
  8. Attempting to break above the 65 DMA: BMY
  9. Anything posted here may be off base.

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