Signals: T.A. update for the open, September 16, 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.

Wednesday, September 16, 2009

T.A. update for the open, September 16, 2009.

Yi: +5.2
Now trying to bottom out: $GASO
Moderately oversold here: BGF and PHI
Attempting to hold the 65 day: UGA
Attempting to hold the 28 day: CREE
Attempting to break above the 28 day: $CRB and ACAS
Attempting to break above the 65 day: ACF, GMR, RJA
Moderately overbought now: MBI, UYG, WATG, WY
Standard overbought: $PLAT, ASA, GE, NM, URE, V, VFC
Extremely overbought: CHK
Toppy here: ARM, B, KO, PLL, RX, UGP
A break out in either direction is on the way for: ABX
Anything posted here may be off base.

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