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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Friday, January 8, 2016
NYMO McClellan Oscillator NYA NYSE Composite Daily Charts Signal Recovery Rally Near
The McClellan Oscillator tumbles to -57 so place it on the top of your list to check this evening after the markets close. The green circles that occur for the McClellan lows indicate stock market bottoms and the red circles at high McClellan readings indicate stock market tops. What do you think will happen going forward? 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. Note Added 4:37 PM EST: The NYMO prints at -66 deep in negative territory to end the week so a market bottom is expected at any time.
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