- Yi: +4.75
- Trying to bottom out in this area: ENER and OCR
- Standard oversold: FSLR
- Moderately oversold: PG and TIE
- Attempting to hold the 65 day here: ACAS, B, PG
- Attempting to hold the 28 day: DELL, NST, QCOM
- Attempting to break above the 65 day: $OEX-weekly
- Moderately overbought: BA
- Standard overbought: CHK, CSIQ, DDM, GE
- Toppy here: BAC, EGO, WY
- 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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