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?
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1 comment:

  1. greenlanderMarch 18, 2009 at 12:44 PM

    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

    http://stockcharts.com/h-sc/ui?s=XLE&p=D&yr=0&mn=6&dy=0&id=p97101956353&listNum=1&a=158652097

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