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To: Bonnie Bear who wrote (36196)	4/26/1999 1:43:00 AM
From: Oblomov	Read Replies (1) \| Respond to of 86076

Here is a nice explanation of the Summation Index and the McOscillator: decisionpoint.com AA

To: Bonnie Bear who wrote (36196)	4/26/1999 4:17:00 AM
From: Moominoid	Respond to of 86076

The summation index is just the sum of the McClellan Oscillator. There is an explanation of the latter through a link on the page on the Decision Point Site. Looking at the summation is easier as it is smoother than the Oscillator itself. From just looking at all the charts over time on their site when it is generally rising the market is almost always headed up. When it is declining on flat the market does a variety of things - up down, sideways. That's not how they explain it and they attribute significance to it crossing zero which it just did. I just take the strong rise to be a dead cert sign that a crash isn't imminent. It takes a while to manoever round to the position where it could go down just as fast. Few tops are very sharp on it. As I keep telling Lucretius market crashes don't suddenly happen from new highs. The market is too big for that. It only happens in individual stocks. David