Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JPh who wrote (13577)	8/2/1998 4:43:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

we will probably rally due to oversold condition, BUT not rally due to the increase in momentum. the 2 principles of oversold/overbought AND momenutm (or internals) is really important (to me).. basically, oversold/overbought is a very "limited" result. One example is when MSFT was rallying. Even when it was overbought, it was only went flat for a couple days to a week. But that is because the momenutm was still strong upward. =========== Well, for the mkt itself, the momentum and hi/lo and advances/declines are all weak. So, the overall "power" is down. I would assume any mkt rally will be because of the oversold condition and NOT the turnaround of the momentum and mkt internals.. Hope my post was readable. if not, let me know. Welcome to the thread and SI! Chris