- Yi: +8.4
- Moderately overbought: $BDI
- Anything posted here may be off base. More later.
Tuesday, May 31, 2011
TA for the open of May 31, 2011.
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
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.
Blog Archive
-
▼
2011
(150)
-
▼
May
(13)
- Late day update for May 31, 2011.
- TA for the open of May 31, 2011.
- TA for the open of May 27, 2011.
- Late day update for May 25, 2011.
- TA for the open of May 24, 2011.
- TA for the open of May 23, 2011.
- Late day update for May 18, 2011.
- Late day update for May 10, 2011.
- T.A. update for May 9, 2011.
- Late day update for May 6, 2011.
- Late day update for May 5, 2011.
- Midday update for May 3, 2011.
- Late Day Update for May 2, 2011.
-
▼
May
(13)
Current Moon Phase
About the ancient spirit:
- Yogi Zuna
- Older than the great pyramid and "catface" on Mars... been in the market since 1980.
No comments:
Post a Comment