By Jeff Pierce
Here is an interesting way to look at the Nasdaq McClellan Oscillator using the 8ema & 21ema crossover as when to get bearish/bullish. Also when the 5ema starts to rollover could be the start of a correction, and as of today's close the 8ema is starting to roll over. It doesn't necessarily mean that a correction is eminent, but it is one signal that the markets could be getting ready to pull back.
NAMOT - Bigger chart with annotations.
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5 Best Dividend Stocks For 2015
Posted-In: Technicals Markets Trading Ideas
Originally posted here...
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