Wednesday, February 25, 2009

T.A. update for the open, February 25, 2009.

  1. Yi: -3.5 (So once again, the -5 Yi area proved to be an area of support for the stock market.)
  2. Probable bottom here for: ACAS, AKNS, BPOP
  3. Possible bottom in this area for: $CRB, $OEX, $XOI, AA, AVP, AXB, AXP, BMY, CAT
  4. Trying to bottom here: AAPL, ACF, ARM, BA, BNI
  5. Extremely oversold now: $DJX and B
  6. Moderately oversold: ACH, CHK, CLF
  7. Attempting to hold the 65 day moving average: AVAV
  8. Standard overbought at this level: The $GOLD weekly chart.
  9. More later if the time is available. Anything posted here may be off base.

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