T.A. based on the close of Feb. 27, 2008.

1. YI: 0 (And as we can see once again, the YI zero line has provided an area of resistance in another rally attempt.)
2. Trying to hold some rising trend line support: EBAY
3. Now trying to break above some falling trend line resistance: AAPL, AMD, HON, PTR, and UGP
4. Attempting to break above the 28 DMA here: NST, PG, RNR, SGP, SHI, UN, and WB
5. Up against rising trend line resistance: ASA, ERF, OXY, SNA, TCK, and WSO
6. Moderately overbought now: BGF, the DJ-30, EWU, FXC, GF, HMC, KO, NSC, SNE, and the VXO
7. Standard overbought: BHP, PLL, and WHR
8. Extremely overbought now: GG and PDS
9. Toppy here: PLL and the XOI index.
10. Going parabolic: (usually a bearish sign) GG and XSLV
11. A break out in either direction is on the way for: PEP
12. Anything here may be off base.