Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 41.18

-1.3%

Dec 15 4:00 PM EST

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To: Yogizuna who wrote (12717)	1/1/2004 7:36:12 PM
From: dvdw©	Read Replies (2) of 207317

Ugh...fact is your TA is broke. This thread has just been posted to on the subject of two Short interest details. Each of these say the same thing...the markets oversold and the insiders are moving too the other side because the hedgies and the public have turned overly pessimistic and have Sold more stock short than at most times in recent history.... Your TA like most others I've ever seen that talks about Over Bought or Oversold, makes no reference to the components of these conditions, reflecting an absense of detail that reduces the impact of said data to mere surmise. Without merit or meaning. I suggest whenever you want to talk overbought or oversold...bring the Supply demand data...and dont bring comments without full knowledge of the role of short interest plays within those details.. Now if you wish go fetch your underlying data....and show us what Overbought is....other than words rolling off someones finger tips. Happy New Year to All....

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