|
PureBytes Links
Trading Reference Links
|
--- In amibroker@xxxx, "Mad Trader" <traders10@xxxx> wrote:
> Using advance / decline data is not dead. This is an example of
using the
> McClellan Oscillator for NASDAQ and the NASDAQ index as a general
market
> timing tool.
>
> Note the bullish divergences between MCO and price at the end of
2000, April
> 2001, July 2001 and the bearish divergences in Feb 2001 and Jun
2001. Think
> you could have made some money if you had used some timing like
that? :)
>
> Notes:
> This is some of the best performance of the MCO divergences I have
seen in
> some years.
>
> MCO divergences do not apply to individual stocks.
>
> Divergences of any kind do not always occur and do not always work
out.
>
> Divergences can be some of the most powerful items in our TA
toolbox.
>
> NYSE and its MCO is similar but not as good looking as this plot.
>
> Cheers
> Trader
>
> _________________________________________________________________
> Get your FREE download of MSN Explorer at
http://explorer.msn.com/intl.asp
|