Very Bullish on the McClellan Summation Index

R

reno4nook

After almost 3 months of negative readings, the McClellan Summation Index has finally turned positive!

from Investopedia..

"The McClellan Summation Index is a long-term version of the McClellan Oscillator. It is a market breadth indicator, and interpretation is similar to that of the McClellan Oscillator, except that it is more suited to major trends."



Notice how the indicator trends extremely well.

If this chart follows its recent form, we could be in for some Holiday upside...

cheers,
 

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Quote from reno4nook:

After almost 3 months of negative readings, the McClellan Summation Index has finally turned positive!

from Investopedia..

"The McClellan Summation Index is a long-term version of the McClellan Oscillator. It is a market breadth indicator, and interpretation is similar to that of the McClellan Oscillator, except that it is more suited to major trends."



Notice how the indicator trends extremely well.

If this chart follows its recent form, we could be in for some Holiday upside...

cheers,
More...
Don't forget to go 100% long next Monday.
 
Quote from reno4nook:

After almost 3 months of negative readings, the McClellan Sum..............................................................................



Notice how the indicator trends extremely well.

If this chart follows its recent form, we could be in for some Holiday upside...

cheers,
More...
========

Reno4;

Well certinly would agree with that'' trends well '';
price has been saying the same thing, Sept-Nov, not OCT.


May want to share that with Odduro;
he doesnt see any trends.




:cool:
 
Yes, But do you also notice the declining peaks?
What do you think that may mean for the Longer term picture of the Bull market? Maybe this old bull just getting a little tired?

Place your bets... :D
 
Quote from PatternMaster:

Yes, But do you also notice the declining peaks?
What do you think that may mean for the Longer term picture of the Bull market? Maybe this old bull just getting a little tired?

Place your bets... :D
More...

yes the devil is in the details :)
 
Hello:

There is a lot of very interesting commentary about the inventor of the McClellan Summation Index (General McClellan). Not many people know of that it was invented by a famous confederate general. Apparently General McClellan liked to keep a bugle in his tent, and his favorite thing to do on a brisk winter morning, was to stand in front of his tent dressed in his best black dress boots, long underwear and hat, with his sword and pistol on his hip. He would then blow consecutive choruses of reville, cavalry charge and Battle Hymn of the Republic, while discharging his firearm repeatedly. I invited anyone interested in learning about this very important figure in history to use the search function.

Steve

Although Republicans dont like to publize it, George Bush used to do the same thing at his ranch in Crawford TX. Unlike General McClellan, President Bush liked to appear stark naked except for his boots and ten gallon hat.
 
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