Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Tuesday, November 22, 2011
NYMO NYSE McClellan Oscillator Daily Chart
NYMO is now at -73 consistent with where the markets receive a bounce after extended selling. The dots on the bottom show significant lows with the NYA and dots across the top are tops in the NYA. Thus, once under -50, the chance is very high for a rebound bounce for markets. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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