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SmallieCatcher

12/11/11 9:13 PM

#93154 RE: **D*A** #93153

In the Thanksgiving weekend article on the McClelland website they wrote an article saying that "the rainbow convergence could test 0" if the S&P rose last week and if it turned the oscillator in doing so, "that would be a signal to the end of the downward move, if not then continuation downward"?

I still think it should be taken with a grain of salt, but I've been keeping on it to learn it and when it can be useful.
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Breakout

12/12/11 10:12 AM

#93174 RE: **D*A** #93153

I really like this $namo chart the way you have it setup.