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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (24889)	1/24/2000 6:28:00 PM
From: d. alexander	Read Replies (1) \| Respond to of 68173

eod000124 T2113 58.14 (+10.51), T2109 17.29 (-4.41), T2106 -63.68 (-58.67) McClellan Oscillator (T2106) The McClellan Oscillator is one of the most popular breadth indicators (another popular breadth indicator is the Advance/Decline Line). Buy signals are typically generated when the McClellan Oscillator falls into the oversold area of -70 to -100 and then turns up. Sell signals are generated when the oscillator rises into the overbought area of +70 to +100 and then turns down. If the oscillator goes beyond these areas (i.e., rises above +100 or falls below -100), it is a sign of an extremely overbought or oversold condition. These extreme readings are usually a sign of a continuation of the current trend. For example, if the oscillator falls to -90 and turns up, a buy signal is generated. However, if the oscillator falls below -100, the market will probably trend lower during the next two or three weeks. You should postpone buying until the oscillator makes a series of rising bottoms or the market regains strength. Steven Achelis Technical Analysis from A to Z equis.com