- Yi: +20.7
- Attempting to bottom out in this area: JJNTF
- Extremely oversold: DBA and SOYB
- At the average oversold level: JJGTF, $SUGAR
- Moderately oversold: COWTF, RJI, WEAT
- Trying to hold rising trend line support: BMY, $GASO, GG
- Attempting to hold the 28 DMA here: ABX, DBO, LL, OILU, USL
- Up against falling trend line resistance: RRGB
- Up against rising trend line resistance: MSI
- At the average overbought level: AET
- Anything posted on these pages may be off base.
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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