How's the patient doing? 14/12/2010

The following lists ignore stocks under take-over offers.

50-Leader Stocks on Life Support (RSI below 30): Nil

50-Leader Stocks on the Critical List (RSI below 40, but above 30):

AGL Energy, Coca Cola Amatil, Crown, Fosters, Tabcorp, Wesfarmers, Woolworths.

50-Leader Stocks looking Buff (RSI above 60, but below 70):

ANZ, BHP, Bluescope Steel, Commonwealth Bank, CSL, Fortescue, Origin Energy, Rio Tinto, Westpac, Worley Parsons.

50-Leader Stocks on Steroids (RSI above 70):

Computer Share, Lend Lease, QBE Insurance.

Nothing particular should be inferred from these ratings. Oversold can get more oversold. Overbought can get more overbought. But savage reversals, up or down, on high volume should be taken as signals to sell out, or buy in, as the case may be.

Well - that's my opinion. You might have a different one.

Good luck

Red