T.A. update for the open, January 16, 2009.

1. Yi: -3.5
2. Trying to bottom out here: $DJX, $OEX, AVP, CPSL, CSIQ, DDM, EWA, EWI, EWJ, GE, JASO, PG
3. Extremely oversold: ARM, BAC, BBT, C
4. Standard oversold: AA, BNI, GE, MSCC, PAYX, SKS, STX, TIE
5. Moderately oversold now: $DJW, $DJX, $GOLD, $HGX, $SOX, $SPX, BA, CHK, CLF, CSCO, CSL, DELL, IFN, LEN, PTEN, TPX, XOP
6. Trying to hold the 28 DMA here: ACAS, CNK, CREE, ELN, MOT, PLG, SSRI, SU
7. Trying to hold the 65 DMA: $IIX, ASA, CBK, GLD, PLL
8. Anything posted here may be off base.