On Oct 24, 2008, at 9:02 AM, ken hanly wrote:
> Is there any objective way of telling if something is overbought.
Not really. Market technicians use things like short-term rates of change (3-day, 5-day, 10-day, etc.) and consider anything above a standard deviation or two to be overbought. But there's a little bit of astrology to all that.
Doug