Signals: T.A. update for the open, March 31, 2009.

For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.

Tuesday, March 31, 2009

T.A. update for the open, March 31, 2009.

Yi: 0
Moderately oversold: $XEU, CBK, ERIC, HMY, PTEN, SLV, XOP
Attempting to hold the 28 day moving average: CPSL, GF, GM, IBM, MCD, ROK, UYG, WFC
Attempting to hold the 65 day moving average: $GOLD, COGO, GFI, GLD, GTU, KGC
Anything posted here may be off base.

Tuesday, March 31, 2009

T.A. update for the open, March 31, 2009.

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