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[QUOTE]Originally posted by realityinc21: [QB] [QUOTE]Originally posted by lilpennypincher: [b]Just adding my 2 cents. It is good to know whether a stock is overbought or oversold. "Overbought" stock means values are extremely high compared to average prices. Much more buying than selling has taken place. "Oversold" means the stock is trading at low values from its statistical mean prices. More shares have been sold than bought. On a chart, the CCI tells you the stock you're thinking of buying is overbought, chances are it will pull back. If, however, the CCI indicates the stock is oversold, That's the perfect icing for the breakout play. Another is, when you see a divergence between the CCI and the stock's current price (the stock's price is high, but the CCI reads-100, or -200), You can bet the stock will soon follow the direction of the CCI. Crystal-ball effect! Here is a good place to start learning. [URL=http://www.investopedia.com/default.asp]http://www.investopedia.com/default.asp[/URL] There are lots of others. I'll see if I can find some more.[/b][/QUOTE] GREAT MINDS THINK ALIKE A POST AT THE SAME TIME!! LOL YOU EXPLAINED MUCH BETTER. LOVED THE PINGUINS. P.S. TAKE NOTICE WHEN THE OLDIES COME OUT OF THE WOODWORK AND OUT OF LURK. LOL THERE COULD BE A REASON. [IMG]http://www.allstocks.com/stockmessageboard/ubb/biggrin.gif[/IMG] [/QB][/QUOTE]
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