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Re: One theory I am testing out
Perhaps another way to describe "overbought" and "oversold" would be relative strength?
Relative strength against the market / sector, etc is an easily definable variable. It can also be a very useful indicator, especially for the short term trader.
The beauty about markets is that no matter how hard we try to track and predict movements, we can never be sure. That is why we all enjoy the challenge that the "market" offers.
Its every Trader against the market!!
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