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Earl,
The thing that I see different is that right before the '87 crash the
McClellen Osc was in positive territory. The way it stands now.. That
same oscillator is buried deep in -100 territory.. roughly equivilent to
where it stood in '87 post crash. If anything,
the market is really due for a rally outa there.. Perhaps that is what
you are implying with your red trend line .. McClellen Osc to rally to
the 50% line then.... A swan dive.
The market will do what its gonna do... This dance around the 50 period
MA is more than a little disconcerting, all other bottoms have been
Vee's This is different
Regards,
Don
Earl Adamy wrote:
>
> >From what I could see, it appears that the Crash mode did not occur until after
> the 87 decline. Here's a weekly chart of NYSE showing the McClellan oscillator
> based on weekly advance declines, the McClellan Summation, and a histogram based
> on the difference between the 30wma and close. All 3 warned of impending
> disaster 1-2 months prior to the 87 crash. The signals are similar today.
>
> Earl
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