XJO 0.93% 7,889.6 s&p/asx 200

weekend wrap up, page-12

  1. 17,444 Posts.
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    A minor contribution and I'm sure someone will be more familiar with the historical record.

    I have started watching the McClellan indicators only recently.

    With the summation index it does seem that the angle of movement is a clue to whether it is a new trend or not.

    Forgive my free hand drawing but it does seem that the summation index is respecting horizontal support.

    I have no idea how high it can can as I don't have any history, but the number is getting up towards a positve of the low number and I figure that must have been extreme.

    Hope someone knows much more than I do.

 
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