MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Monty Lenard who wrote (5726)	2/8/1999 9:44:00 PM
From: Vitas	Read Replies (4) of 99985

Weekly McClellan oscillator and summation, both ratio adjusted, charts are at The Donald site: cp-tel.net These are based on weekly a-d figures from Barron's, not compressed daily stats. The thing to notice is that after reaching a deeply oversold "4 year cycle" bottom in October, things were on track until recently. Unlike the 1990 and late 1994 bottoms, where the summation turned up and continued along without downticking, crossing the zero line with momentum, we have this time stalled at the zero line and have ticked back down below zero. The oscillator, unlike the prior situations, never reached the 60 area, which might indicate a thrust situation, and in fact has also ticked below the zero line. This is highly unusual coming off what should be a 4 year cycle bottom, and indicates a failure. A somewhat similar situation occurred in 1957; I will post the actual 1957 figures and the recent ones. Thanks for posting the charts Monty. Vitas

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next