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Wednesday, March 18, 2009

McClellan Oscillator: Too Far Too Fast?

Spikes in the NYSE McClellan Oscillator (NYMO) into the 100 area have marked two significant tops. Too far too fast?


Greenlander said...

Yeh I'm expecting a multi-day pullback. XLE looks like it is just making corrective retrace of its overall move down. That could drag SPY down