- Yi: + 101.32
- Attempting to bottom out: MED
- Attempting to hold the 28: INTC
- Up against the 65: GLW
- ABEWISUF: QLD, $SPX, $UST3M
- Anything posted may be off base.
Wednesday, November 20, 2024
MU 11-21-2024
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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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About the ancient spirit:
- Yogi Zuna
- Older than the great pyramid and "catface" on Mars... been in the market since 1980.
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