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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: rrufff who wrote (3728)	1/12/2005 1:22:47 AM
From: Walkingshadow	Read Replies (3) of 8752

<< ...the charts you posted indicate that we could be near the end of the drop, as oversold, but there certainly is nothing close to a buy signal. >> Just remember that oversold conditions can become even more oversold, and can stay that way for quite a while. I agree there is no sign of reversal yet. That said, the selloff appears overdone and excessive, even given the overinflated valuations that TASR has enjoyed for a long time now. A bit too much too soon, in other words. Personally, I would anticipate short-term reversal at $13, but the long-term uptrend looks irreparably broken now. That means TASR might rally into resistance, but is unlikely to resume it's uptrend any time soon. It will now most likely trade down or sideways (I mean long-term trends here). T

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