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Short- to intermediate-term momentum breadth indicator. The McClellan Oscillator fluctuates between an oversold level below -100 and overbought territory above 100. Short-term buy and sell signals are given when it crosses above or below its zero (flat) line.
Of course, everyone’s looking forward to May 4th to see what happens with the banks. Still, a chart is a chart 
Formation still in play. Today the U.S. dollar dropped quite a bit, giving the market a boost.
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Just about everyone is counting on (GS: 115.88 -0.23%) to announce excellent earnings tommorrow and the market to go up. I’m 90% certain that GS will be down tomorrow but not brave enough to buy another “lottery ticket” – I’ve got enough of those at the moment
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