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Indicator Spots Opportunity for Short-Term Long Position in Microsoft
MINYANVILLE ORIGINAL  Back on November 30 we said that we would alert readers once Microsoft (NASDAQ:MSFT) reached an Approaching Oversold level so that they could consider starting a long position.  While the name is rated a Strong Sell you might have the opportunity for a short-term long position now that it is Approaching Oversold. Keep in mind our countertrend indicator has three levels: Approaching Oversold Oversold and Extremely Oversold.    Click to enlarge   In terms of probability and confidence level readers will take note of the fact that our countertrend indicator worked on Apple (NASDAQ:AAPL) when it approached an ...
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