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IMHO, the value of the McClellan Summation depends very much on the date on
which the summation begins.
It's kind of like working with Gann angles, only to see them change when a
stock splits.
Howard
Date: Sat, 13 Sep 2003 14:50:55 -0700 (PDT)
From: joe run <run_for_your_life2003@xxxxxxxxx>
Subject: Re: OT: The Markets - Am I "out to lunch"
The current Summation index is at 3,342.99 (which is well above the zero
line at the moment). The current reading for the McClellan Index is at
64.906
joe run <run_for_your_life2003@xxxxxxxxx> wrote:
I follow the McClellan Summation Index for the last 20 years ...it will tell
you quite well which direction the market is headed. Also the NYSE Bullish
Percent Index will tell you what is the Health condition of the Market. The
Summation Index was 100% correct on the 1987 October crash.
When the NYSE Summation goes through the zero line "GET 100% OUT OF ALL
YOUR STOCK WITH GUSTO" without any questions.
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