- Yi: +19.08
- Moderately oversold: M
- Trying to hold rising trend line support: FB
- Attempting to hold the 28 DMA: GG
- Up against the 28 DMA: MDC
- Up against falling trend line resistance: CLX
- Up against rising trend line resistance: DE
- Moderately overbought: D, FSLR, MGA
- Average overbought: LPL, MAIN, MSFT
- Toppy: AMP, APD, CAR, $COPPER, EGPT, $GASO, LOW, MMC
- A break out either way is on the way for: HA
- 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.
No comments:
Post a Comment