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#1 Guru Dudette

Guru Dudette

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Posted 31 January 2007 - 11:25 AM


Oversold means that the market is deemed to have run out of sellers. (versus overbought, meaning that the market has run out of buyers).

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