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Strategies & Market Trends : Options

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To: edamo who wrote (5837)4/1/2000 8:43:00 AM
From: Seldom_Blue  Read Replies (2) of 8096
 
Ed, do you look at the intra day movement and see the relationship between that price and the close? Where do you find the overbought/oversold data? I have seen stocks that are oversold, bounced back a bit, then take a dive and never recover. Therefore I am unsure how accurate are those indicators in the long term.

My understanding is that the overbought/oversold indicators are good to make judgements on entry points. But one still have to look at other factors (I mostly look at fundamentals) to determine if one should hold or get out.

What is your opinion? Does anyone else wish to put in two cents worth also?
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