With the sort of rally that we have had in the last 10 days or so, it is perhaps time to step back and look at whether the markets are Overbought here. And as the regular readers of this blog will know, that means time to turn to our trusty ol' Mcclellan Oscillator. Below is the two year daily chart of the NYSE McClellan Oscillator. From the above chart, it seems that the markets are quite