Jump to content

- - - - -

DJIA At Higher Highs with Negative McClellan Oscillator

This topic has been archived. This means that you cannot reply to this topic.
No replies to this topic

#1 jp6


    Stock Proctology Intern

  • Members
  • Pip
  • 240 posts

Posted 29 March 2012 - 08:01 AM

The McClellan Oscillator went below zero back on Feb. 14, and has remained negative ever since. But that has not stopped the major averages from moving up to new multi-year highs.

Having the Oscillator drop below zero can sometimes be seen as a "sell signal", but it depends on what else is happening in the market. It is certainly not a positive factor to have higher price highs appear while the Oscillator refuses to confirm that strength.

You can see in this week's chart that some of the instances of a higher price high with a negative Oscillator reading have marked really important tops. Other times, though, these instances have not stopped the market's advance. So like the Hindenburg Omen, this occurrence serves as a warning of trouble, but not a guarantee that a top is in.

Click here 4 more

Posted Image

Posted Image

Place your bets

Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
The Anals of Stock Proctology now!

The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.

The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!

Dr. Stool's
Book Search

Enter title, author, or keyword
Just books
All Products

Old Stool Depository

Live Steaming Pile Chart