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the trick is also to run BOTH
on 1/2 cycle
meaning,, instead of 18 and 36 days use only 9 and 18
ding that you can visualize DIVERGENCES much BETTER
and if you have time to post you can post the score too
best regards
Ben
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, August 26, 2001 8:18 PM
Subject: Re: [RT] sp500
> Suppose the McClellan Osc of volume is layed along side the McClellan Osc
of
> issues. Last week the Issue osc was whipsawing above zero while waiting
for
> the volume oscillator to cross above zero. Friday was the charm. So
> technically both are on a buy now if you call crossing zero a buy...they
are
> both still in the neutral zone of +,-50. There have been some pretty good
> trades with these oscillators from the beginning of the year. I would not
> toss them out because of recent performance, and would expect them to pick
> up importance again as we enter September and then the 4th quarter.
>
> bobr
> http://www.oextrader.com/sigma_trader
>
> ----- Original Message -----
> From: "profitok" <profitok@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, August 26, 2001 5:09 PM
> Subject: Re: [RT] sp500
>
>
> > I completely agree,,
> > ----- Original Message -----
> > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Sunday, August 26, 2001 6:30 PM
> > Subject: Re: [RT] sp500
> >
> >
> > > The McClellan Oscillator appears to have become near useless as a
market
> > > timing tool (ala Time Trend III) because it is whipsawing back and
forth
> > so
> > > frequently ... this may in large part be due to decimalization which
has
> > > apparently caused unchanged issues/volume to decline and advancing
> > > issues/volume to increase. I would also note that VIX after a modest
> rise,
> > > declined to 22 and change on Friday ... not the levels from which
major
> > > rallies are launched. There are many times, while trading S&P futures,
> > that
> > > I have the distinct impression that the locals are fully in charge. In
> my
> > > view, Friday's rally was impressive but suspect. Consider that CSCO,
the
> > > alleged instigator of the rally, is selling at an astronomical PE ...
a
> > > clear indication that the tech bulls have not thrown in the towel. I
> don't
> > > know if it will be next week, next month, or next year, but I firmly
> > believe
> > > this market is going a lot lower.
> > >
> > > In the meantime, I just try to pick off some of each day's swing and
my
> > > trading bias remains down until a base is in. However, I am attaching
a
> > > chart of the spoo, which makes a credible case that 5 waves down have
> been
> > > completed. If this is the case we should expect an ABC rally which
> > retraces
> > > to the general vicinity of the W.4 high around 1234. This seems to
jive
> > with
> > > the weekly counts which suggest that the larger W.5 is not complete.
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "profitok" <profitok@xxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Cc: "Vincent DONOVAN" <vdonovan@xxxxxxxxxxxxx>
> > > Sent: Sunday, August 26, 2001 12:05 PM
> > > Subject: [RT] sp500
> > >
> > >
> > > > Hello
> > > > the sp500 is somewhat stronger then the NASDAQ(Mcllullen osc at a
> > better
> > > reading) I still see a decrease for next week
> > > > a lake of participation (low holiday week)
> > > > the 5 day total trin the 5 day Ave trin and the 10 day Ave trin are
at
> a
> > > 15 day low
> > > > add to that a decreasing p/c and
> > > > the icing on the cake an increase in price without an increase in
new
> hi
> > > > be careful
> > > > Ben
> > > >
>
>
>
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