- Yi: +58.17
- Attempting to bottom out: RGR
- Extremely oversold: MED, WBD
- Attempting to hold the 28: JWN
- Up against the 65: MRK
- Up against the 28: UGA
- Up against some falling trend line resistance: IYE
- Moderately overbought: MKC
- Overbought: HRB
- ABEWISUF: $BTCUSD, F, PM, TUP
- Anything posted may be way 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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