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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: James Strauss who wrote (14810)6/16/1998 12:31:00 PM
From: DanZ  Read Replies (3) of 53068
 
McClellan Summation Index.

Jim,

I'm no expert on the McClellan Summation index, but it looks like whenever the McClellan Summation index got between -500 and -1000, it marked a bottom to the correction. It seems that the McClellan Summation Index can be used to call bottoms instead of forecasting a continuation of the short term downtrend. The bottom would be confirmed when the summation index turns up after being in the range of -500 to -1000. Do you read the chart the same way?

Thanks,
Dan
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