Re: [RT] McClellan osc

["Ira" <mrira@xxxxxxxxx>]

Ben:

 

The old norms aren't the norm any more.  The oscillator used to max out at 100 and now the top was 300.  I think that a lot of things that used to be touchstones are no longer relevant.  They can be an indication, but no longer something to act upon.  In the 70s and early 80s the VIX ranged between 12 and 18 now we are looking at numbers in the 50s and 60s. 

 

Of course if you were raised in the depression the price for a loaf of bread doesn't make any sense either.

 

 

Ira
www.delta100.com

----- Original Message -----

From: Ben

To: realtraders@xxxxxxxxxxxxxxx

Cc: TimeandCycles@xxxxxxxxxxxxxxx

Sent: Saturday, November 08, 2008 3:51 PM

Subject: [RT] McClellan osc

Attach is a gif from their site

as you can see, when  market made the low in October,  the osc made a higher hi

currently at  150 and still showing strength

comments welcome

Ben

p,s

the volume and  price osc also show  bullish divergence?

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