17 Feb Scott Schlegel’s Stock Market Indicators – February 17th, 2019 Posted at 22:26h in Uncategorized by Scott Schlegel Ultra short term is overbought. Short term is slightly overbought. Medium term is slightly overbought, and sits a little off of recent highs. Long term is oversold. Something is going on here. Most stocks still haven’t entered long term rallies in spite of the 13% or so rally off the Christmas eve lows. On a chart this would look like a very oversold stock bouncing hard and starting to get close to its 50 day moving average crossing its 200 day moving average. Usually, the right time to buy these is in the very oversold (50 day << 200 day) state; not when they get close to crossing over because commonly they fail.