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If you are still looking for a solution, here is how I do it -

//Tooltip
var elements = YAHOO.util.Dom.getElementsByClassName('ttButton', 'a');
var ttBtn = new YAHOO.widget.Tooltip("ttBtn",
{ context:elements,
effect:{effect:YAHOO.widget.ContainerEffect.FADE,duration:0.20 }
});


Give the anchor elements a class of "ttButton"