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navyblue

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Posts: 3
Reply with quote  #1 
Hi Tom, i remember a few months back a discussion of yours (probably at the TT board) where you described a particular setup for NYSI that increases the possibility of a "crash type" event.Specifically, a declining NYSI reaches the zero value of balance between inflows and outflows; then the bulls attempt another infuse, that takes NYSI towards the 400 level, but they ultimately fail and the reduced liquidity support of the prices opens up the door for a crash type event.Wouldn't you say we are following the script pretty well so far, at this point?Are you seeing something different, given your recent bullish bias?
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mojave

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Posts: 38
Reply with quote  #2 

I'm not a McClellan subscriber, but I get the free occasional emails. 

I recall this article from last month: http://www.mcoscillator.com/learning_center/weekly_chart/summation_indexs_magic_tricks/ which describes the +500 area (ratio-adjusted summation) as an area to watch.  

I recall Fib describing this yrs ago when I was available to participate in the chats. I miss those chats... but my work / overseas timezone currently interfere

Fwiw, here's a really short synopsis from another source... http://www.readtheticker.com/Pages/Blog1.aspx?65tf=797_nyse-summation-index-must-not-signal-danger-2012-11

Everything in context...

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