NYSE McClellan Oscillator
#1
Posted 16 February 2012 - 07:05 PM
http://www.mcoscilla...t_breadth_data/
Putting aside 'T' Theory.
I thought the oscillator would have been higher.
Can anyone give me some insight about it and what it is telling us?
17_16
#2
Posted 16 February 2012 - 07:57 PM
In simplest terms, at the moment it is saying nothing more or less than "short term correction in an Intermediate Term advance." This chart from late 2010/early 2011 shows a couple of examples of similar behavior to now:Can anyone give me some insight about it and what it is telling us?
http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&st=2010-11-01&en=2011-03-01&i=t77131812468&a=247108652&r=6211.png
Same thing here:
http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&yr=0&mn=6&dy=0&i=p75489082224&a=225436412&r=134.png
Hope that helps. NYMO/NYSI/NAMO/NASI offer, in this traders humble opinion, the most powerful information a trader can possibly acquire, from any source. Period. And it's readily available to all.... Regards, D
Edited by IYB, 16 February 2012 - 07:58 PM.
#3
Posted 16 February 2012 - 08:30 PM
However one of the forum posters offered a very close simulation and Parker tweaked it.
The MACD of NYUD is the "clone" and it shows the quandary T-Theorists have been in.
It shows no big pullback followed by a breakout.
A breakout would indicate the mid-point of a new T.
I opine that it is reflective of a low volume, FED contrived market.
But if Aristotle's "A equals A" then "It is what It is."
(And if Aristotle was still here, he would be short the Dracma.)
http://stockcharts.com/c-sc/sc?s=$NYUD&p=D&b=3&g=0&i=p47285196321&a=256206610&r=940.png
Edited by Rogerdodger, 16 February 2012 - 08:31 PM.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#4
Posted 16 February 2012 - 09:28 PM
Edited by thespookyone, 16 February 2012 - 09:29 PM.
#5
Posted 17 February 2012 - 04:22 AM
#6
Posted 17 February 2012 - 06:47 AM
#7
Posted 17 February 2012 - 07:02 AM
#8
Posted 17 February 2012 - 09:08 AM
BTW, COT correlation looks pretty bullish on your chart, it looks like we have a consolidation until the nominal 40 wk cycle low due in late May or early June. If the bears cannot pull a good sell off into the cycle low due in March, probably we have another higher high coming up into April.
I think you need to look closer there arb. That cot data has a 52 week lead. All I can do is scratch my head and ask myself why it works! It has a history of correlation (with the lead) beyond what that chart has shown.
#9
Posted 17 February 2012 - 10:22 AM
BTW, COT correlation looks pretty bullish on your chart, it looks like we have a consolidation until the nominal 40 wk cycle low due in late May or early June. If the bears cannot pull a good sell off into the cycle low due in March, probably we have another higher high coming up into April.
I think you need to look closer there arb. That cot data has a 52 week lead. All I can do is scratch my head and ask myself why it works! It has a history of correlation (with the lead) beyond what that chart has shown.
Yes, I am looking and I am seeing 10% credit growth that is leading the stock market. The liquidity leads the stocks. This is exactly what I said, a consolidation into summer and then up, up and away. In fact, if we don't see a clear break into the cycle low into March (64-68 tdays), the chances are there will be an higher high into April from the cycle 64-68 day low. I posted earlier the analysis about the 64-68 trading day cycle. There are too many issues following this cycle, probably we will get some sort of a sell off. The intensity of it will be probably mild given the amount of credit made available...
#10
Posted 17 February 2012 - 11:44 AM
What about this McClellan signal?
His assumption about when the QE money hits the market is flawed. As for the rest, twt.