Registered: 1271375037 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?
Registered: 1173157317 Posts: 39
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...