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Howard,
That is why you use a ratio-adjusted version of the McClellan to address that very issue.
See www.stockcharts.com for a definition of the calculation.
Regards,
GaryHoward Bandy <howardbandy@xxxxxxxxx> wrote:
IMHO, the value of the McClellan Summation depends very much on the date onwhich the summation begins.It's kind of like working with Gann angles, only to see them change when astock 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 zeroline at the moment). The current reading for the McClellan Index is at64.906 joe run <run_for_your_life2003@xxxxxxxxx> wrote:I follow the McClellan Summation Index for the last 20 years ...it will tellyou quite well which direction the market is headed. Also the NYSE BullishPercent Index will tell you what is the Health condition of the Market.
TheSummation Index was 100% correct on the 1987 October crash.When the NYSE Summation goes through the zero line "GET 100% OUT OF ALLYOUR STOCK WITH GUSTO" without any questions.Send BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to suggest@xxxxxxxxxxxxx-----------------------------------------Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
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