I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Tuesday, March 30, 2010

Zooming Out

Like I was pointing out in MO Rocca (and many other posts), the McClellean Oscillator is pointing to a Minor Degree top and pullback.

The last 2 days have done nothing to change that view

Daily chart is also very overbought and looking for a turn. Momentum is *seriously* waning, and the Sto is looking to head down.

blog comments powered by Disqus