TheStreet.com RealMoney

Back and Forth

By Jim Cramer

 About this article:
 What the heck? My favorite oscillator is at +9?! Almost no indicators have worked during this hectic last year. Stocks get ridiculously overbought, they get incredibly oversold. Stocks get shorted and banged down individually and then banged down more by ETFs meant to double and triple sell (Well documented by Eric Oberg on this site). But I still get nervous when I see my proprietary S&P Oscillator at +9, when it was going the other way, going down fast, making me feel more comfortable. It is truly difficult to see through these earnings -- how bad was Morgan Stanley really? Is Wells Fargo even better than we thought? Do we have to be nervous about McDonald's ? What's with PF Chang's ? But you know that everyone is looking at earnings with optimism, which is something that I feel when I see the oscillator at +9 --...

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