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Post# of 704047
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osprey

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osprey

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Re: Zeev Hed post# 226747

Friday, 04/02/2004 11:37:51 PM

Friday, April 02, 2004 11:37:51 PM

Post# of 704047
Zeev, "we are very overbought short term". OK. Certainly has been a lot of indiscriminate buying in the last week. I know what overbought/sold means intuitively but have been looking for a way to measure it. I thought that that was what RSI was for. Just looked at the nasdaq chart and RSI is 50, neutral. Wouldn't it have to get above 80 to be overbought? Anyway, what do you use to determine overbought and oversold? TIA.
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