- Yi: +6, +6.2
Thursday, May 24, 2012
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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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- T.A. Opinions for May 29, 2012.
- T.A. Opinions for May 24, 2012.
- T.A. Opinions for May 22, 2012.
- T.A. Opinions for May 21, 2012.
- T.A. Opinions for the open of May 17, 2012.
- T.A. Opinions for the open of May 14, 2012.
- T.A. for the open, May 8, 2012.
- TA Signals and Opinions for the open of May 7, 2012.
- TA Signals for the open of May 2, 2012.
- Late day update, May 1, 2012.
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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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