The Yi now stands at +9.1, which indicates a solidly overbought market at this point.
Tuesday, June 23, 2015
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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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2015
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June
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- Midday Update June 30, 2015.
- Yi late day update.
- Yi update.
- Yi for the open: +7.6
- Late Day Update June 26, 2015.
- Update for the open of June 25, 2015.
- The Yi reading for today's close.
- Late Day Update June 23, 2015.
- Late Day Update June 22, 2015.
- Late Day Update June 16, 2015.
- Late Day Update June 12, 2015.
- Late Day Update June 11, 2015.
- Late Day Update June 10, 2015.
- Morning Upate for June 9, 2015.
- Mid Day Update June 5, 2015.
- Morning update for June 4, 2015.
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June
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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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