T.A. update for the open, January 23, 2009.

1. Yi: -3.5
2. Trying to bottom out in this area: ACF, AMAT, ARM, AXB, AXP, CSL, EEFT, IFN, JASO, PTR, TIE, WFR
3. Extremely oversold in this area: BPOP, GM, MMC, MSCC, NOK, SKS, STX, WATG
4. Standard oversold: CBK, PTR, SPWRA
5. Moderately oversold: EEFT, NAT, PHI, SWK, TSL
6. Trying to hold the 28 DMA here: $VIX, BGF, UGA
7. Trying to hold the 65 DMA: FSLR and SHI
8. Trying to break above the 28 DMA: GA, GOOG, MFE, TSM
9. Moderately overbought now: $GOLD, ABX, LMT
10. Standard overbought: SSRI
11. Anything posted here may be off base.