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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot

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Recommended by:
ajtj99
To: rimshot who wrote (283)2/5/2022 9:28:22 AM
From: rimshot1 Recommendation  Read Replies (3) of 1309
 
plot of the histogram version of the cumulative net Advance-Decline lines
for six major US indices -

stockcharts.com

* all six A-D lines rest below their 5% and 10% trends represented by
the two fast daily EMA's shown on the chart, and two A-D lines rest below their
important 200-day EMA's, while the $OEX A-D line fares best of the
six indices in its Feb 4 location only slightly below the 5% and 10% trends

** bulls need all these A-D lines to recapture levels above their 5% and 10% trends on a lasting basis

==========================================

Sherman McClellan's Presentation to the Market Technicians Association -

mcoscillator.com

" Marian would be most proud if she could be here. As many of you know,
she died November 26, 2003. You need to know that without her mathematical background,
computational skills, and excellent organizational skills the development of the
McClellan Oscillator would not have happened. It was her idea to create
the Summation Index, the area under the curve for you calculus students,
that consisted of the cumulative total of the daily postings of the McClellan Oscillator."
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