Thursday, March 19, 2009

Coming out of the hole.

The McClellan Oscillator is in overbought territory but will probably stay there for awhile longer. The recent selloff was very severe and in all likelihood a temporary trading low has been established.

The McClellan Oscillator for 3/19/09
Click to enlarge


The Percent of stocks above the 50 and 200 day averages.
Click to enlarge

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