>I’ve shortened this edition of the mid-month update by including only the shorter-term NINO3.4 and global SST anomaly graphs; that is, the ones from January 2004 to present.
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NINO3.4
NINO3.4 SST anomalies for the week centered on November 17, 2010 show that central equatorial Pacific SST anomalies have dropped slightly in the past two weeks after a small rise. They’re at -1.5 deg C.
http://i56.tinypic.com/es3eyq.jpg
NINO3.4 SST Anomalies – Short-Term
GLOBAL
Weekly Global SST anomalies are continuing their decline. But like weekly responses to past La Niña events, there are major steps down with lesser steps up.
http://i53.tinypic.com/2wbxe7a.jpg
Global SST Anomalies – Short-Term
SOURCE
OI.v2 SST anomaly data is available through the NOAA NOMADS system:
http://nomad3.ncep.noaa.gov/cgi-bin/pdisp_sst.sh?lite
Bob Tisdale - Climate Observations 
>ENSO models predict its second dip in spring 2011:http://www.cpc.noaa.gov/products/analysis_monitoring/lanina/images3/nino34SSTMon.gif
>Jurinko: Interesting. That would be late for a low.