T.A. update for the open, February 6, 2009.

1. Yi: -1.5
2. Possible bottom here for: $CRB, KBE, PTEN
3. Now trying to bottom out in this area: BAC, BPOP, GM, MEOH, PG, USB, UYG, XLF
4. Extremely oversold now: BAC
5. Standard oversold: MOT
6. Moderately oversold: KFT and MFE
7. Now attempting to break above the 28 day moving average: ACH, SPWRA, WOR
8. Now attempting to break above the 65 day moving average: $HGX, BA, CSCO, NTES, STX, SU, WFR
9. Moderately overbought in this area: $GOLD Weekly, CEF, EGO, ERIC, GTU, LPL, NM, PLG, SHI
10. Standard overbought now: WDC
11. A possible top in this area for: COGO
12. A break out in either direction is on the way for: EEFT and TSL
13. Anything posted here may be off base.