- Yi: +1.5
- Possible bottom here for: $HGX and $PLAT
- Now attempting to bottom out in this area: $CRB, $GOLD, $XAU, $XOI, ABX, AKNS, BBT, COGO, FRO, GA, HMY, MTH, NM
- Extremely oversold now: BPOP
- Standard oversold: $XAU and COGO
- Moderately oversold: $CRB, $GOLD, $WTIC, AEM, CSL, EXP, T
- Attempting to hold the 65 day: $WTIC, ACF, CNK, ELN, ERIC, IFN, KGC, MOT, NST, SKS, TLB
- Attempting to hold the 28 day: ACAS
- Attempting to break above the 28 day: OCR
- A break out in either direction is on the way for: AXP, CTB, WFC
- Anything posted here may be off base.
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.
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