- Yi: +24.05
- Attempting to bottom out: LPL
- Average oversold: JO
- Attempting to hold the 28 DMA: DNKN, GE, IR, MAN
- Up against falling trend line resistance: KMB
- Moderately overbought: CVS, GIS, HRL, IDA, JNPR, KOLD
- Average overbought: CSCO
- Extremely overbought: EBAY
- Getting toppy: LOW
- A break out either way is setting up for: BIDU, HPE, MCD, MMC
- Anything posted 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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