- Yi: +8.3, +8.5, +8.85
- Up against the 28 DMA here: ABX
- Average overbought at this point: $SPX
- Anything posted here could be off base.
Wednesday, August 8, 2012
T.A. Opinions for August 8, 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 August 31, 2012.
- T.A. Opinions for the open, August 27, 2012.
- T.A. Opinions for the open, August 22, 2012.
- T.A. Opinions for the open, August 20, 2012.
- T.A. Opinions for August 15, 2012.
- T.A. Opinions for August 14, 2012.
- T.A. Opinions for August 9, 2012.
- T.A. Opinions for August 8, 2012.
- T.A. Opinions for August 3, 2012.
- T.A. Opinions for August 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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