($SPX, $SPY, $DJI) The media got the headline they wanted: “Dow Positive for 2011”, even though most indexes were 5% lower for August. We did get a follow-through pop in equities based on certainties more QE is on the way. Even the revived theme: “bad news is good, good news is better”. The McClellan Oscillator (NYMO) is much overbought now, so be extra careful.