 Overbought |
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 Jan 31 2007, 11:24 AM
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 Prince of Dorkness Group: Admin Posts: 835 Joined: 10-September 03 From: Cincinnati, OH Member No.: 43  |
"Overbought"
Overbought means that the market has run out of buyers, (versus Oversold, where the market is deemed to have run out of sellers.) Usually these terms are interpreted as meaning that the the market has reached an extreme limit in one direction or the other, and that a retracement or consolidation is likely to take place. -------------------- "I'd rather be vaguely right than precisely wrong." J.M.Keynes
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Lo-Fi Version | Time is now: 26th May 2013 - 01:43 AM |