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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: jjstingray who wrote (361)5/15/2002 10:26:31 PM
From: ajtj99  Respond to of 30712
 
jj, unless it crosses over from oversold (below 30), or even near oversold (around 40) you can't count it as bullish. It is still near historically overbought territory.

This is what I'd call a whipsaw, similar to what you see on the chart from last June and July.