“Oversold can become more oversold” (Wall Street adage)

“Oversold can become more oversoldt” (or “oversold can stay oversold”) is a Wall Street adage. If people are still selling, then it might still be time to sell. “Oversold can easily become more oversold and overbought can easily become more overbought” was cited in print in 2002. “Oversold can get considerably more oversold and vice versa” was cited in 2007.
 
“Overbought can become more overbought” is a similar adage.
       
 
Aktienboard
Swingle
08.11.2002, 18:57
Oversold can easily become more oversold and overbought can easily become more overbought .
       
Google Books
Technical Analysis Demystified:
A Self-Teaching Guide
By Constance Brown
New York, NY: McGraw Hill Professional
2007
Pg. 211:
Oversold can get considerably more oversold and vice versa.
 
Twitter
jsfalvo
‏@jsfalvo
@Jediphone yw oversold can become more oversold but I am looking for the probabilities of a bounce $$
4:43 PM - 28 Oct 2009
 
Twitter
Chess
‏@chessNwine
$$ Don’t forget that just as overbought stayed overbought on the upside, oversold can stay oversold on the downside too. Respect the trend.
1:20 PM - 4 May 2010
 
Google Books
1000 Tips & Tricks for Traders
By Anirudh Sethi
Chennai: Notion Press
2014
Pg. ?:
346. Oversold can get more oversold.
 
Twitter
Greg Harmon, CMT
‏@harmongreg
Commented on StockTwits: you know what they say, oversold can get oversolderer, or something like that http://stks.co/j1VzR
3:55 PM - 5 Jan 2015
   
Twitter
Haki Hika
‏@HakiHika
“Oversold can get more oversold, etc.” Basically my reason for getting long is based on how bad $CL_F looks right now.
9:52 AM - 13 Mar 2015
 
ETF Daily News
Is Merck & Co., Inc. (MRK) Stock Ready To Resume Uptrend?
March 20th, 2015
(...)
The second item of note is the oversold level reached in the weekly slow stochastic readings. The stock is the most oversold it has been in over two years, but as the old saying goes, oversold can become more oversold.