The Yi reading was -3.2, not -2 as published. Sorry for the error.
Tuesday, August 25, 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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August
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- Late Day Update August 31, 2015.
- Late Day Update August 28, 2015.
- Late Day Update August 27, 2015.
- Late Day Update August 26, 2015.
- Correction to the Yi reading.
- Late Day Update August 25, 2015.
- Late Day Update August 24, 2015.
- Late Day Update August 21, 2015.
- LDU August 20, 2015.
- Late Day Update August 19, 2015.
- Late Day Update August 18, 2015.
- Late Day Update August 17, 2015.
- Late Day Update August 14, 2015.Yi:
- Late Day Update August 13, 2015.
- Late Day Update August 12, 2015.
- LDU 8-11-2015.
- Late Day Update August 10, 2015.
- Late Day Update 8-7-2015.
- LDU August 6, 2015.
- LDU 8-5-15
- LDU August 4, 2015.
- LDU August 3, 2015.
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August
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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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