When Do We Get Overbought?
It's time to talk statistics and figure out when the next overbought reading will arrive.
Let's begin with the Oscillator. Just over a week ago I started showing the statistics that made me believe the market was oversold. It is still not yet overbought. In fact, when we look at the Oscillator we see it has just now barely kissed the zero line. Unlike many, I don't have an exact level that says overbought or oversold, since I look at the math behind the indicator. As a reminder, it is the simple 10-day moving average of the net of the advance/decline line....373 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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