This chapter looks at a variety of measurements that suggest how oversold or overbought a market has become. A long‐term investor might use these to better model buying and selling points. A shorter term trader can catch a good portion of the rides up and back down, as investor spirits rise and fall. The analysis of current levels, in relation to recent readings, and the presence of sharp changes extends to studying other moving‐average time frames. It is important to remember, too, that short‐term indicators tend to behave differently in bull and bear markets. Each moving average can yield its own insight. Another analytical approach is to combine two moving averages, an approach that helps incorporate the fact that indicator efficacy can differ in different market conditions.