- Yi: +1.6, +3
- Up against falling trendline resistance: $SPX
- Anything posted here may be off base.
Thursday, December 1, 2011
Late day update for December 1, 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
Current Moon Phase
About the ancient spirit:
- Yogi Zuna
- Older than the great pyramid and "catface" on Mars... been in the market since 1980.
2 comments:
Haven't seen your posts in a while. Hope you are OK.
Hi Debu, thank you for your concern. I just got way behind on everything because of old age! LOL Time goes "faster" when we get older you know. :)
Post a Comment