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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: farkarooski who wrote (32744)	2/23/2002 8:42:41 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

i must understand anything i react to,it's my nature--actually a deep philosophy of mine--fwiw. Are you saying bottoms occur at 750 area? It looks to me if you buy at -750 you still have a lot of damage ahead.It has broken -1000 5 times in the past two years. I use your link to glossary:) to seek support.Thanks again for turning me on to this.Max <<The McClellan Summation index generally oscillates between 0 and 2000 although it can move outside of this range during extreme or unusual market conditions. Historically, major market bottoms occur after the index falls below -1000. Readings above +1600 often indicate a major top is near. Top and bottom signals carry more significance if the index is also diverging from the associated market average. According to the McClellans, the beginning of a new bull market is signalled if the NYSE-based Summation index first moves below the -1200 level and then quickly rises above +2500.