Signals: T.A. based on the close of Feb. 28, 2008.

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.

Friday, February 29, 2008

T.A. based on the close of Feb. 28, 2008.

My apologies for the late posting of today's work.
YI: -1
Trying to bottom out: SOLF
Moderately oversold: PEG and WSO
Trying to hold some rising trend line support: JCP, OKE, PHI, VFC, and WOR
Attempting to hold the 28 DMA: CPB
Trying to break above some falling trend line resistance: IFN
Attempting to break above the 28 DMA: PLT
Up against rising trend line resistance: The IIX index.
Moderately overbought: NOK and RYL
Standard overbought: AAUK, CAT, GGB, MEOH, and TSU
Toppy: ACH
Going parabolic: AEM
Anything here may be off base.

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