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Re: rimshot post# 118

Sunday, 06/14/2020 10:44:55 AM

Sunday, June 14, 2020 10:44:55 AM

Post# of 207
the cumulative net A-D lines for every available
US index remain in a bullish chart configuration
with the following chart conditions present as
of Friday June 12, 2020 -

1. all A-D lines reside above the 19-day EMA, which is the fastest
and most sensitive moving average of importance to interpreting
the chart location of any Advance-Decline line

2. A-D lines' 19-day EMA vs. 39-day EMA vs. 200-day EMA all possess a bullish relationship crossover chart location

=======================

McClellan Oscillator

The McClellan Oscillator is the difference between the 19-EMA & 39-EMA of daily advances minus declines.
It reflects the short-term strength and direction of market liquidity.
A longer-term view is provided by the McClellan Summation Index, which is the cumulative total of the daily McClellan Oscillator values.
These indicators move within a trading range and often identify the overbought/oversold condition of the market

McClellan Summation Index

( McSum = McClellan Summation Index )

the dominant rule is: price will eventually follow the direction of the McSum, except for brief periods of price divergence

The McSum is neutral at the zero line,
bullish while above,
and confirmed bearish while below zero

* the distance down or up to the McSum zero line currently represents
one objective measure of the minimum movement that is possible

Confirmed sell signals are a lasting decline below the McSum zero line,
though price action has usually declined by a large amount by the time
zero is reached from the McSum peak above.

Large distances between the McSum daily chart values represent acceleration events in the A-D breadth decline or advance,
and the follow-on price impact has a high correlation with the McSum's direction, and usually has several days staying power

* time is our most under appreciated & valuable asset, lest we squander it *

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