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When you look at the McClellan issues and volume oscillators, look for
divergences between price and the oscillators ... once the oscillators get
into oversold levels, it often takes a rising double bottom in the
oscillators to mark a price bottom, particularly when the major price trend
is down. As it is, both oscillators on both NYSE and NASDAQ fell to lower
lows on this last decline ... a good indication that there will be more to
the downside.
Earl
----- Original Message -----
From: "Alexander Levitin" <alevitin@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 16, 2001 10:36 AM
Subject: Re: [RT] GEN - market timing
>
> > From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
>
> >The Super T oscillator on the attached chart is analogous to the
> >"rubber band" theory of market stretch and rebound. The oscillator is a
> >combination of issues, volume, new highs and new lows and is another item
> >passed on by Ben, alias Profittaker. Today it closed within 0.39 points
> >of the -100 CORRECTION level. Crash level has an eyeball definition
> of -150.
>
> Super T oscillator is (as I inderstand it) a way to combine AD issue and
AD
> volume and new highs-lows oscillators. I should try it (if I could follow
> the formula of its construction).
>
> I am looking into McClellan AD issues and AD volume oscillators. What is
> interesting that McClellan AD issues oscillator close on Thursday and
> the -120 level (within the limit of the correction and short of the -121
> level for the bear signal). On Friday McClellan AD oscillator close
at -118
> indicating that current decline still could be a correction. McClellan AD
> volume oscillator is in oversold territory too. AD volume oscillator
turned
> up on Friday too. But both oscillatiors turned up by lessing the selling
> pressure not by buying interest. In other words it was not a spike into
> oversold condition.
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