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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (81330)	8/9/2001 10:56:00 PM
From: mishedlo	Respond to of 99985

Oversold???????? Look at almost anything on the SOX. Yes it is declining but hardly oversold. Give me 3 more days of down and it will be oversold. Right now the fast stochastics on many stocks are neutral and on some like NVDA still way overbought. That is how far that last SOX bounce got. AMAT at 45 up from 40 or whatever and you think we are oversold? NVDA up from 70 to 90 and we are oversold? VRSN up from 45 to 55 and now at 51 and we are oversold. What pray tell is oversold? What pray tell is OVERVALUED. How about 90% of everything. M