- Yi for 11-1-10: +7.15
- Yi for today's open: 7.22
- Trying to bottom out: $HGX
- Moderately oversold: $HGX, DZZ, ELY, ENER, FSLR
- Now trying to hold rising trendline support: KFT and LDK
- Attempting to hold the 65 DMA here: CSIQ, EWJ, JOSB, SHLD, SUN
- Attempting to hold the 28 day: AAPL, FUQI, JCP, MBI
- Up against rising trendline resistance: SCHG and SNA
- Now up against the 28 day: CHK and RBS
- Up against the 65 day: BBT
- Moderately overbought: $PLAT, $XAU, ABX, AMAT, AXP, DGP, FRO, GDX, GLD, PGM, QCOM, SLV
- Overbought: AEM, BLL, MKC, SLW
- Extremely overbought: NST
- Toppy here: RJA
- A possible top here for: $IIX
- A break out in either direction is on the way for: $OEX, C, GOOG, SDTH
- 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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