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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (68030)8/24/2007 6:52:51 PM
From: ballsschweaty  Respond to of 116555
 
The last time the McClellan Oscillator swung from oversold to overbought of a similar magnitude was back in late Feb-early March and that was the beginning of a multi-month, almost 20% up move. McClellan Oscillator is a very short-term momentum indicator and extreme readings can quickly be worked off by just sideways or a minor corrective move.