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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (14957)	1/22/1998 11:29:00 AM
From: Wildstar	Respond to of 70976

GM, I don't use price supports/resistances as my primary indicators for determining overbought/oversold regions. I use other indicators such as stochastics etc which are momentum based. In my model, a stock can gain/lose momentum resulting in overbought/oversold conditions while the stock price has fluctuations of varying sizes. Thus, the stock price is not the primary indicator of overbought/oversold condition in my model. Other people use TA in different ways and have different interpretations. My philosophy is : if it works, go with it! I hope I answered your question.