- Yi: +63.0
- Attempting to bottom out: BCO, IRBT, KODK
- Attempting to hold the 65 DMA: TSN
- Up against the 28 DMA: CSX, FRDM, KLIC, MDC, PCRFY, WY, XLY
- Up against the 65 DMA: $HGX
- Up against some falling trend line resistance: ADM, TTM
- Moderately overbought: MRVL, NVS
- Overbought: CC
- A break out either way is setting up for: SLV
- 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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