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Wednesday, January 9, 2019
NYMO McClellan Oscillator and NYA NYSE Composite Daily Charts; NYMO Prints Epic One-Decade High
NYMO is at 113. Wow. The McClellan Oscillator is at levels not seen since December 2008 in the heat of the financial crisis one decade ago. The historic stock market action continues. The NYMO moves with the market so the red circles show the market peaks and the green circles are market bottoms. What do you think is going to happen? 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 Thursday Morning, 1/10/19, at 6 AM EST: Wheeeee. Whoopie. La, la, la. The NYMO catapults to 118. McClellan is probably breathing down the neck of a skinny millennial dude trying to figure out why the oscillator has gone bonkers. Traders and investors have sounded the all-clear buying equities at the ask with reckless abandon. Traders believe the bottom is in for stocks as they sing, "Happy Days Are Here Again." What do you think will happen?
Note Added Friday Morning, 1/11/19, at 8:50 AM EST: The NYMO finishes Thursday at 115 finally a hair off the top. McClellan wipes beads of sweat from his forehead as he ponders what made the oscillator catapult into a record-breaking move from -111 to +118. From here, there is nowhere to go except down.
Note Added Saturday, 1/12/19: NYMO finishes the week at +107.19. The week ahead should provide some thrills.
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