- Yi: + 67.39
- Attempting to bottom out: FL, OMC
- Moderately oversold: BGS
- Trying to hold rising trend line support: DELL
- Attempting to hold the 28: CPB, $PLAT
- Attempting to hold the 65: BBY, CSCO, MMC, PFE
- Moderately overbought: PM, STX
- Overbought: GOOG
- Toppy: ANF, BA, BIDU
- ABEWISUF: AU, ORCL
- 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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