ifsca, with volume being what it has beenIt's tough to say that it's oversold. I prefer instead to call it overplayed by professional institutional traders who have since May accounted for the largest portion of daily volume this would include the shares they sold into the bid to drive share price down. When you look at this activity on the chart you see exactly what you were meant to see, the sky is falling, the bottom is falling out etc. But when you look at the volume behind it all there is absolutely nothing to indicate people are running for the exit.