Replies to post #1957 on Advanced Trading Methods

[Y worry Murray]

With the NYSE McClellan Oscillator (ratio adj.) EOD at 83.1 the market could be very close to a correction. Ditto for me too: thanks for sharing gloe.

[Y worry Murray]

IWM underperforms SPY on the upswings therefore leads on the downswings with divergence at tops. SPY outperforms IWM at bottoms therefore leads on upswings with divergence at bottoms. This is symptomatic of a fear induced 'flight to quality'. Unfortunately due to the volatility of the IWM, PAS chose to put an extra swing in at the recent bottom making the figures worthless for comparison. Note the reduced % on the recent swing high of the IWM relative to the SPY.

[gloe]

Still on BUY, but the indices are hitting important resistance areas.