- Yi: +9.81
- Now trying to bottom out: $USD, AEM, AGQ, AQA.TO, DGP
- Standard oversold: $GOLD, ABX, ASA
- Moderately oversold: $IIX
- Now trying to hold some rising trendline support: $CRB
- Attempting to hold the 28 DMA now: $GOLD-weekly and AXP
- Up against rising trendline resistance: ATI
- Up against falling trendline resistance: EWA
- Moderately overbought: CSCO
- Standard overbought: CBZ
- Extremely overbought: $DJX
- Toppy here: CBZ
- 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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