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Ben mentioned the normalization of i a/d and adv/decl. Attached is a .gif
illustrating that. The SuperT is simply the daily normalized data. The
cumST is the cumulation of daily data as described in a TASC magazine a few
years back. This a rather negative looking divergence to say the least.
BobR
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <bobrabcd@xxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxx>
Sent: Monday, September 20, 1999 3:32 AM
Subject: Re: MKT - NYA
> In a message dated 9/18/99 8:39:06 AM Eastern Daylight Time,
> bobrabcd@xxxxxxxxxxxxx writes:
>
> << Just wondering how others are interpreting the current NYA pattern and
> McClellan Oscillator configuration. It looks to me like there is a
bearish
> triangle with a decending top and essentially flat bottom. As the vertex
of
> the price triangle is approached the McClellan Oscillator is showing
extreme
> weakness in a down channel. Some may be misinterpreting the oscillator at
> this time as saying it is oversold when in fact it can become twice as
> oversold if the NYA drops through support in the closing weeks of the
> quarter. It also seems like there should be massive tax loss selling this
> year since the advance decline line has been dropping for a significantly
> long time.
>
> Bob Roeske
> >>
> good morning bob
> try the McClellan osc normalized (a/d line ,, but adv-dec as percetage
of
> total issues)
> and it gives better idea of where we are heading
> i think in 2-4 days new hi on nasdaq and dow
> then BIG fall
>
Attachment Converted: "c:\eudora\attach\Norm.gif"
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