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Strategies & Market Trends : TA-Quotes Plus
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To: Monty Lenard who wrote (4712)6/21/1998 10:39:00 PM
From: TechTrader42  Read Replies (1) of 11149
 
Have you looked at a composite of volume using it?

No, I haven't looked at a composite of volume with it -- just the usual advances minus declines. I use this formula in Metastock:

{To display the McClellan Summation Index, create a composite security in The DownLoader of Advancing issues minus Declining Issues. Open a chart of the composite and plot this custom indicator.}

Cum( Mov(C,19,EXPONENTIAL) - Mov(C,39,EXPONENTIAL) )

What concerns me is how it keeps breaking down through short-term support, unlike in the past. Usually, once a new level of support was set, it would start up again. Not this time. Apparently the dollar is rising against the yen tonight, so the market may have to endure another down day. But whaddo I know. I ain't pullin' the strings.

Brooke
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