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traditional mcclellan summation into the green


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#1 deacon

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Posted 30 December 2008 - 01:55 PM

http://www.mcoscillator.com/Data.html

summation going into the green finally, wasn't it -4000 when this run started...

if a/d is poor manana and friday and then we start weak monday, would say a flat line failure

ye ole vtoreport had day before new years the most bullish of all(+85%), but day after new years only up +47% of the time

looked like the indexes were going to get the daily chart macd sell until yesterdays stick save

RUT was first one over 50MA today, small stocks leading thus far, as their seasonal from traders almanac indicates

http://stockcharts.com/charts/candleglance...$NDX|B|D20

#2 dasein

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Posted 30 December 2008 - 03:13 PM

looks like we have a chance to break down below es 868 and EURUSD 140, both would be bearish short term for stocks.
best,
klh

#3 fib_1618

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Posted 30 December 2008 - 04:02 PM

summation going into the green finally, wasn't it -4000 when this run started...

if a/d is poor manana and friday and then we start weak Monday, would say a flat line failure

Remember that on the traditional that +1000 acts as the zero (flat) line for this indicator. The neat thing though is that as the MCSUM moves higher from here it becomes easier for prices to move in this same direction and not stall out as we've seen over the last several weeks.

And, yes, the traditional MCSUM had an all time low of -4130 on October 28th which provided historical technical balance with the all time highs seen back in 2003.

Fib

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#4 ds

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Posted 30 December 2008 - 05:11 PM

summation going into the green finally, wasn't it -4000 when this run started...

if a/d is poor manana and friday and then we start weak Monday, would say a flat line failure

Remember that on the traditional that +1000 acts as the zero (flat) line for this indicator. The neat thing though is that as the MCSUM moves higher from here it becomes easier for prices to move in this same direction and not stall out as we've seen over the last several weeks.

And, yes, the traditional MCSUM had an all time low of -4130 on October 28th which provided historical technical balance with the all time highs seen back in 2003.

Fib

Question for Fib or any ff member who'd care to comment:

With breadth so strong during the March-April 2003 period, is it fair to say that the 2000 to 2003 Bear Market was a cyclical bear and the recovery from '03 to '07 was a continuation of the Secular Bull that commenced in 1982 (or 1974) or was the '03 to '07 recovery a cyclical Bull in a Secular Bear Market that commenced in March 2000 and which will bottom this decade?
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