way oversold, page-22

Hi acdc,

I'll go back to the initial thread topic, in which you state GCN is way oversold.

The trouble is when stocks are heading down they can remain in these so called 'way oversold' states for long periods of time.


just as an example on my system, the last time GCN was showing oversold on the weekly chart, it remained in oversold territory for 10 months from nov 2010 to sept2011.

surely one would rather wait till its 'rising'?????


Cheers