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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Warren Gates who wrote (12574)	9/12/2000 11:16:45 PM
From: t2	Read Replies (1) \| Respond to of 24042

Like never sell a stock that's hitting support on the weekly chart, oversold on the daily, oversold on the hourly. NT and JDSU are 2 examples. How can you tell if they are oversold? I don't really understand TA but would be interested in knowing how figure these are oversold. My reasoning for why they are oversold is just a hunch that so many traders have sold out along with many others assuming very aggressive short positions. It is just the reverse of what happens when stocks are going up--more and more keep buying, pushing it to higher levels. I think now we are at a point where real selling is drying up but short selling is still in progress.