NYMO McClellan Oscillator Daily Chart

NYMO McClellan Oscillator shows the green circles marking highs in the indexes and red circles marking lows. The double green circles show key tops at April 2010, November 2010, February 2011,....and now? The double red circle shows the bottom in the indexes when Charman Bennake announced QE2 and the POMO pumping scheme. This 10-month rally began in July 2010. The blue lines show the key movement in the indexes from index highs to index lows, note the exact agreement with the NYMO behavior.

The NYMO highs now are only surpassed by highs back in June and August 2010 which were only relief rallies where the indexes paused and moved back down. Thus, this behavior is consistent in placing a top in the indexes, for example, SPX 1335-1350. Projection now is that a top is occurring and indexes should move sideways to sideways down going forward until a red circle appears in the weeks and/or months ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.