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To: surfinSteve who wrote (54871)10/7/1998 7:47:00 AM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Surfin,

As for the chart on the advance/decline I prefer to use the MCClellan OSCIALATOR which exponetially analyzes the advance/decline. Right now the McClellan is just approaching the sell territory. I have noticed that an analysis of the A/D on absolute numbers can sometimes be misleading. If you noticed on the chart - around SEPT 1 that indicator went severely into the oversold region beyond normal buy levels.

As for the volume, it is still above the oversold territory, so it is still not signalling a buy.

Seeya