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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: MythMan who wrote (55647)8/9/1999 4:35:00 PM
From: pater tenebrarum  Read Replies (2) of 86076
 
the oversold indicators are the McClellan oscillator, the a/d line, put/call ratios, CVI, and in fact most breadth indicators. generally speaking, when breadth continues to deteriorate, but prices don't follow it, the divergence is bullish, not bearish. that said, the long duration of the a/d divergence suggests a more forceful correction in the not-too-distant future...
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