- Yi: +2.2 and falling again.
- Moderately overbought: ASA
- Toppy here: AXP and BMY
- Anything posted here may be off base.
Friday, September 2, 2011
Late day update for September 2, 2011.
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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.
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2011
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September
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- TA for the open of September 29, 2011.
- TA for the open of September 27, 2011.
- Late day update for September 23, 2011.
- TA for the open of September 22, 2011.
- TA for the open of September 21, 2011.
- TA for the open of September 20, 2011.
- TA for the open of September 16, 2011.
- TA for the open of September 15, 2011.
- TA for the open of September 14, 2011.
- TA for the open of September 13, 2011.
- TA for the open of September 9, 2011.
- Late day update for August 7, 2011.
- TA for the open of September 6, 2011.
- Late day update for September 2, 2011.
- TA for the open of September 1, 2011.
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September
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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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