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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: wooden ships who wrote (5740)7/5/1998 9:09:00 PM
From: Allan Harris  Read Replies (2) | Respond to of 42834
 
No special TA skills needed. Simply eyeball or take a ruler and observe how the extreme lows in the Summation Index marked Intermediate Lows in July '96, April '97 and now July '98.

If you want to get a bit more complicated, look at the McClellan Oscillator, below the Summation Index, and note how spikes above +150 occur at the beginning of a rally, not the end; in late '95, July '96, April '97 and again last week.

Allan