Thursday, June 12, 2008

Bounce Near?

Rob Hanna is out with another great post - this time referencing the McClellan Oscillator and what that it is saying about the long side in the comings days / weeks. Well worth your time:

Link: What The McClellan Oscillator Is Suggesting

1 comment:

TLtrader said...

Bounce it did. how about a follow-thru? I don't think so. Simple rule of thumb - s&p under 50ma and 200ma, programs just short all rallies. In addition, I have listened to Sherman McClellan giving market calls in over 5 years and he rarely gives timely and correct predictions.