Wednesday, February 15, 2012

WHOOPS !! Lets just say it with a picture

I think the point is perfectly clear........

*for ya'll who'd like to know what Mr.Nasti is, here it is from Stockcharts : "Developed by Sherman and Marian McClellan, the McClellan Summation Index is a breadth indicator derived the McClellan Oscillator, which is a breadth indicator based on Net Advances (advancing issues less declining issues). The Summation Index is simply a running total of the McClellan Oscillator values. Even though it is called a Summation Index, the indicator is really an oscillator that fluctuates above/below zero. As such, signals can be derived from bullish/bearish divergences, directional movement and centerline crossovers. A moving average can also be applied to identify upturns and downturns."

you can find it here -> AT STOCKCHARTS