Sunday, January 13, 2013

NDX100: McClellan Oscillator warning?

NASDAQ: McClellan Oscillator as @ 01/11/2013
Only a warning; or is it the Apple influence?
The McClellan Oscillator is Negatively Diverging (2nd chart) against the NASDAQ Index as higher highs in price has not been complimented by higher highs on the Oscillator; quite the opposite in fact.
Caveat Emptor @ these levels?