Nymo/nysi both point further slide in equity....my model still shoots for 1125 next week...then a wave 2 in 1125-1175 range...
we will see...
Bearish bet
Started by
andiron
, Aug 05 2011 06:20 PM
5 replies to this topic
#2
fib_1618
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Posted 05 August 2011 - 06:53 PM
You do know that the NYMO and the NYSI ARE measurements of the advance/decline line in which you constantly berate, right?Nymo/nysi both point further slide in equity....
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#3
andiron
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Posted 05 August 2011 - 07:49 PM
You do know that the NYMO and the NYSI ARE measurements of the advance/decline line in which you constantly berate, right?Nymo/nysi both point further slide in equity....
Fib
not quite..please provide a mathematical equation....
#4
fib_1618
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Posted 05 August 2011 - 08:08 PM
Now I know you must be joking.not quite..please provide a mathematical equation....
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#5
hiker
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Posted 05 August 2011 - 09:21 PM
NYMO explained simply:
The concept of the Advance/Decline line is to have a broad measure of daily changes in supply and demand. Technicians often smooth the data using moving averages of the changes in advancing issues and declining issues in order to get a more accurate picture of changing trends in supply and demand. One of the best known indicators derived from smoothing out the advance/decline data is called the McClellan Oscillator (NYSE McClellan Oscillator = NYMO, Nasdaq McClellan Oscillator = NAMO)
The McClellan Oscillator can be used as an overbought/oversold indicator. It also has value at predicting short term trend changes when it crosses the zero line. In the most basic of application to near-term trading: A rising indicator that crosses the zero line from below is a bullish sign. A falling indicator that crosses the zero line from above is a bearish sign.
The McClellan Oscillator is calculated by subtracting a 39 day moving average of advances minus declines, from a 19 day moving average of advances minus declines.
----------------------
McO from the McClellan Learning Center:
http://www.mcoscilla...earning_center/
Created 1969, the McClellan Oscillator is recognized by technical analysts as the essential tool for measuring acceleration in the stock market. Using advance-decline statistics, it gives overbought and oversold indications, divergences, and measurements of the power of a move.
McO -
Two different exponential moving averages, the 10% Trend and the 5% Trend, are calculated to smooth the daily A-D data, and
the McClellan Oscillator is the numerical difference between these two moving averages.
McSum -
The McClellan Summation Index is the total of all previous McClellan Oscillator values, and it is neutral at +1000 when calculated and calibrated properly.
-------------------------------------------
NOTE: I owe credit to "Fib" at this board for mentoring me for many years at his site's chat room which he generously provided for free to all comers 5 nights a week and then 2 nights a week for a period of years...this generosity and willingness to take up to 10 hours per week mentoring other chartists and traders is rare in this world and deserves much respect and appreciation.
- hiker
The concept of the Advance/Decline line is to have a broad measure of daily changes in supply and demand. Technicians often smooth the data using moving averages of the changes in advancing issues and declining issues in order to get a more accurate picture of changing trends in supply and demand. One of the best known indicators derived from smoothing out the advance/decline data is called the McClellan Oscillator (NYSE McClellan Oscillator = NYMO, Nasdaq McClellan Oscillator = NAMO)
The McClellan Oscillator can be used as an overbought/oversold indicator. It also has value at predicting short term trend changes when it crosses the zero line. In the most basic of application to near-term trading: A rising indicator that crosses the zero line from below is a bullish sign. A falling indicator that crosses the zero line from above is a bearish sign.
The McClellan Oscillator is calculated by subtracting a 39 day moving average of advances minus declines, from a 19 day moving average of advances minus declines.
----------------------
McO from the McClellan Learning Center:
http://www.mcoscilla...earning_center/
Created 1969, the McClellan Oscillator is recognized by technical analysts as the essential tool for measuring acceleration in the stock market. Using advance-decline statistics, it gives overbought and oversold indications, divergences, and measurements of the power of a move.
McO -
Two different exponential moving averages, the 10% Trend and the 5% Trend, are calculated to smooth the daily A-D data, and
the McClellan Oscillator is the numerical difference between these two moving averages.
McSum -
The McClellan Summation Index is the total of all previous McClellan Oscillator values, and it is neutral at +1000 when calculated and calibrated properly.
-------------------------------------------
NOTE: I owe credit to "Fib" at this board for mentoring me for many years at his site's chat room which he generously provided for free to all comers 5 nights a week and then 2 nights a week for a period of years...this generosity and willingness to take up to 10 hours per week mentoring other chartists and traders is rare in this world and deserves much respect and appreciation.
- hiker
Edited by hiker, 05 August 2011 - 09:24 PM.
#6
thespookyone
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Posted 05 August 2011 - 10:36 PM
"NOTE: I owe credit to "Fib" at this board for mentoring me for many years at his site's chat room which he generously provided for free to all comers 5 nights a week and then 2 nights a week for a period of years...this generosity and willingness to take up to 10 hours per week mentoring other chartists and traders is rare in this world and deserves much respect and appreciation."
Second that. Fib is a prince among men.
Edited by thespookyone, 05 August 2011 - 10:36 PM.
