RE: RE: RE: RE: RE: RE: And its over for JAG, free I won't comment on the above average volume comment ... it looks about average to me ... but as for over sold. It really depends on the speed of the indicator you're using.
Given that he seems to be using 5 day SMA and short term indicators it could easily be oversold on his/her RSI for short term trading.
Obviously if you have longer term RSI parameters the moves will be less drastic.
It also depends on the indicator. For example, the default Williams %R on stockscharts shows it was briefly in very oversold territory at close yesterday.
I tend to use stochastics and MaCD together as indicators ... my stochastics are showing oversold and MACD is negative but historically it hasn't remained negative for long and could be turning up. Note that I also use shorter periods ... but using default periods for the stochastics on stockcharts you can see it approaching the 20 line ...
That said ... I'm still not in. I need to see strength first. All I see right now are signs, but no confirmation.