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SPX, NAMO and NYMO... some divergences


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#1 TheArchitect

TheArchitect

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Posted 09 January 2009 - 10:34 PM

NYSE McClellan broke down through the trendline... Nasdaq McClellan stopped at the trendline... SPX is still in a rising wedge type pattern... but the cumulative NYMO looks to be rolling... but i wouldn't short until i see a new swing low... all we've had since late november have been higher lows and higher highs... so shorting here is nothing more than top picking... and for a multi day swing trade, will be nothing more than that until the NYMO Cum actually rolls. =TA

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