- Yi: +7.7
- At this point, it appears the market is making another top.
Friday, July 20, 2012
TA for the open of August 20, 2012.
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
-
▼
2012
(75)
-
▼
July
(9)
- T.A. Opinions for July 27, 2012.
- T.A. for the open of July 26, 2012.
- T.A. Opinions for July 25, 2012.
- T.A. Opinions for July 23, 2012.
- TA for the open of August 20, 2012.
- T.A. Opinions for July 18, 2012.
- T.A. Opinions for July 16, 2012.
- T.A. Opinions for July 13, 2012.
- T.A. Opinions for July 11, 2012.
-
▼
July
(9)
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