spx summation not even budging
Started by
atlasshrugged
, Sep 29 2008 05:38 PM
7 replies to this topic
#2
zigzag
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#3
fib_1618
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Posted 29 September 2008 - 06:20 PM
If you're talking about the McClellan Summation Index, remember that this an intermediate term trend indicator of the SPX advance/decline line which has been rather indecisive in this regard prior to today's action. With the SPX McClellan Oscillator moving to new lows today, however, you should see some further erosion over the next couple of days in the MCSUM that might be more to your liking. 
Best
Fib
Best
Fib
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#4
atlasshrugged
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Posted 29 September 2008 - 06:46 PM
If you're talking about the McClellan Summation Index, remember that this an intermediate term trend indicator of the SPX advance/decline line which has been rather indecisive in this regard prior to today's action. With the SPX McClellan Oscillator moving to new lows today, however, you should see some further erosion over the next couple of days in the MCSUM that might be more to your liking.
Best
Fib
fib...i am talking about the mcsum on decision point....it has flatlined and is not at all reflecting this sell off
#5
Data
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Posted 29 September 2008 - 07:28 PM
big decline (80 up, 415 down) from 8/29 dropped off the 19-day summation.
#6
fib_1618
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Posted 29 September 2008 - 08:19 PM
Yep, that would be the same one. You'll notice that the SPX breadth MCO had also been meandering back and forth at the zero line which caused the pattern you've described. And with this same MCSUM pattern not leading price, this whisper might be something worth noting.fib...i am talking about the mcsum on decision point....it has flat lined and is not at all reflecting this sell off
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.
#7
atlasshrugged
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Posted 29 September 2008 - 09:51 PM
Yep, that would be the same one. You'll notice that the SPX breadth MCO had also been meandering back and forth at the zero line which caused the pattern you've described. And with this same MCSUM pattern not leading price, this whisper might be something worth noting.fib...i am talking about the mcsum on decision point....it has flat lined and is not at all reflecting this sell off
Fib
lol...that whisper turned out to be a dogs tongue right in the ear!!!lol
#8
NAV
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Posted 29 September 2008 - 10:00 PM
Yep, that would be the same one. You'll notice that the SPX breadth MCO had also been meandering back and forth at the zero line which caused the pattern you've described. And with this same MCSUM pattern not leading price, this whisper might be something worth noting.fib...i am talking about the mcsum on decision point....it has flat lined and is not at all reflecting this sell off
Fib
lol...that whisper turned out to be a dogs tongue right in the ear!!!lol
