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:
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 www.marketviews.tv over 5 years and he rarely gives timely and correct predictions.
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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 www.marketviews.tv over 5 years and he rarely gives timely and correct predictions.
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