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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Tue Mar 22, 2005 9:26 pm Post subject: SPX and NYSE Oscillator |
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The NYSE Oscillator is one of the most reliable indicators to predict SPX direction. When the NYSE Oscillator is over 50, then it's almost a certainty that SPX will fall (by either a large or small amount), and when below negative 50, it's almost a certainty SPX will rise. It's rare when the NYSE Oscillator rises above 50 or falls below negative 50.
In May 2004, the NYSE Oscillator was below negative 100 and then rose to about 100, while SPX rose 60 points, in less than a month. Currently, the NYSE Oscillator is below negative 85. Consequently, I expect SPX to rise far above the current close at 1,171 within a month.
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