Signals: Mistake made with B. It was attempting to hold the 65 DMA, not attempting to bottom out.

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.

Wednesday, February 28, 2024

Mistake made with B. It was attempting to hold the 65 DMA, not attempting to bottom out.

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