Short Term Trading Member Forum

[Toppcats]

McLellan Oscillator - has anyone looked to the McLellan oscillator regarding cycle positioning. I note that the October/November 2008 lows are consistent with what should have been an area representing a highly significant lows (summation index values below -1500 are very significant) especially as they occurred ACROSS markets. At present we see a 'price' low coming in now with a concomitant less significant McLellan summation low. This is similar to what we saw (although in reverse) at the October 2002 and March 2003 lows. Problem is that the current Mclellan troughs do NOT seem to fit what is being proposed for Hurst cycles at this time even though the chart cycles being posted are hard to argue with.

Following link was courtesy of Airedale88:

http://stockcharts.com/charts/indices/McSumNYSE.html

Regards