Jump to content



Photo

Oversold


  • Please log in to reply
No replies to this topic

#1 Guru Dudette

Guru Dudette

    Prince of Dorkness

  • Admin
  • 835 posts

Posted 31 January 2007 - 11:25 AM

Oversold

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