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Bob, I must admit I am absolutely in awe! How many of these indicators do you
look at? unbelievable, each time I read your posts, you have yet another one!
They are all great though. How do you decide which ones to look at at any given
time?
Gwenn
BobR wrote:
> Since there is always a need to be looking for short term buy and sell
> signals....
> Here is a quote from the Feb 18, 1989 Richland Report by Kennedy Gammage on
> the use of the 10% component of the McClellan Oscillator.
>
> "SELL and BUY signals are rendered by the 10% exponential component of the
> McClellan Oscillator when the plotted 10% breaks below uptrending fan lines
> (SELL Signals) or breaks up above downtrending fan lines (BUY Signals).
> However, the hitch is that unless and until these signals are either
> validated and / or confirmed, the signals may be very short-term --lasting
> only one or two days --which is of little use to any but stock index
> players. Therefore, we desire desperately, as the heart pants for the
> stream, to see 900 to 1,000 or more issue-pluralities on the day of or after
> the break, and/or 90 to 100 point-moves (or more) in the 10% index itself
> on the day of, or the day after, the trendline break, to Confirm and/or
> Validate the signal."
>
> Attached is the status of things at the moment where the NYA is on a sell
> and the buy trendlines are being generated for the next buy signal. The 10%
> component of the McClellan oscillator is the faster moving average of the
> two it is composed of.
>
> bobR
>
> ------------------------------------------------------------------------
> Name: 10%.gif
> 10%.gif Type: GIF Image (image/gif)
> Encoding: base64
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