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Strategies & Market Trends : TA Science Projects & Experimental Indicators

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To: ftth who wrote (150)	6/5/1998 7:19:00 PM
From: Spots	Read Replies (1) of 237

>>On a more philosophical note, a stock can't be overbought or oversold. There's a finite amount of shares available. When those are all spoken for, there can be no more buying. Demand exhaustion is a better way to look at it. Everyone that wants to own at these prices has. And they're either holding and total interest in the stock dries up, or buyers and sellers are offsetting each other. Well, yes, but ... Just like the Fed reserve requirements allow banks to increase the money supply by lending out cash, brokerages can inflate the share supply of stocks by lending out shares to short. Think about that. I have a lot lately. What does that do to your point? A weak parallel (maybe) but one to think through nevertheless. I'm working on that <G>. Thinking, I mean. I intend the question as serious, not as a challenge to your points. In short, my answer is "duh," and I'd like a better one. Spots

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