- Yi: +7.2, +7.8
- Trying to bottom out: BMY
- Oversold: ANF
- Attempting to hold the 28 DMA here: DBA
- Anything posted here may be way off base.
Friday, August 23, 2013
Late day update for August 23, 2013.
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
-
▼
2013
(45)
-
▼
August
(12)
- Update for the open of August 29, 2013.
- Update for the open of August 28, 2013.
- Late day update for August 26, 2013.
- Late day update for August 23, 2013.
- Late day update for August 21, 2013.
- Late day update for August 20, 2013.
- Late day update for August 19, 2013.
- Late day update for August 16, 2013.
- Late day update for August 14, 2013.
- Late day update for August 13, 2013.
- Late day update for August 12, 2013.
- TA opinions for the open of August 5, 2013.
-
▼
August
(12)
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