Some times, even a hand grenade gets close enough.
That sentiment was at the top this week. (Same as the July 16th extreme and price top)
Edited by Rogerdodger, 29 August 2024 - 08:49 PM.
T Theory Hand Grenade
Started by
Rogerdodger
, Aug 28 2024 09:54 PM
4 replies to this topic
#1
Rogerdodger
-
- TT Member*
-
- 26,921 posts
Member
#3
Spectacular Bid
-
- Traders-Talk User
- 867 posts
Member
Posted 30 August 2024 - 08:54 AM
The big NYSE Volume oscillator T ended August 23rd or 27th depending on vacation days. The regular NYSE McClellan oscillator T ends in late September. From a technical standpoint the regular NYSE McClellan oscillator may be a better fit. We shall see.
#4
Douglas
-
- Traders-Talk User
- 1,894 posts
Member
Posted 30 August 2024 - 11:10 PM
Spectacular Bid, how are you "drawing" the "regular NYSE McClellan oscillator "T"" that you referred to above? Is it what I am showing below? Thanks for any insight you can provide.
Regards,
Douglas
#5
Spectacular Bid
-
- Traders-Talk User
- 867 posts
Member
Posted 31 August 2024 - 09:25 AM
Hi Douglas
The NYSE McClellan volume oscillator had a peak on December 1st 2023 and a low on April 16th, while the NYSE
McClellan AD oscillator had a peak on November 3rd and the same low on April 16th. I know Terry sometimes used the MACD. I did not. The NYSE McClellan AD oscillator T has it's ending around September 20th. FWIW I like the ending you're showing better or if you used the peak one week earlier on your chart you get early October for a top which fits my work even better. Have a nice weekend.
