Sherm McClellan and son have done research and disclosed it
to an acquaintance of mine that suggests there isn’t a correlation
between small changes in the Oscillator and a subsequent day substantial price
change. I’ve been following it over the last several months of the
bear and, subjectively, it looks like it is a noteworthy indicator.
Yesterday there was a very small change in the Oscillator. If they were
judging based only on end of day net changes, that might be a different answer
than judging from the high/low swing in the day. Let’s see what
happens today.