The Yi for today's open was +7.65.
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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
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2011
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June
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- TA for the open of June 27, 2011.
- TA for the open of June 20, 2011.
- TA for the open of June 16, 2011.
- Late day update for June 13, 2011.
- TA for the open of June 10, 2011.
- Late day update for June 9, 2011.
- TA update for the open of June 9, 2011.
- Late day update for June 7, 2011.
- Yi for 6/6/2011.
- Late day update for June 3, 2011.
- Late day update for June 2, 2011.
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June
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About the ancient spirit:
- Yogi Zuna
- Older than the great pyramid and "catface" on Mars... been in the market since 1980.
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