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Hi Mr. Bachnut: What is the 5% index and the 10% index? Thanks very much for posting.Mr. BachNut wrote:Whenever the McClellan Oscillator turns up from -50, it usually makes it back all the way to the 0 line or higher. As it hasn't made it there as of Friday, it favors some upside or at least not much downside over the next few days. Obviously, no guarantees...
I am long at the moment with my finger on the eject button (not comfortable at all with the position). My mechanical model signaled sell last week, but I held off because opex was biasing the signal. If we get a positive day or two and my mechanical model is still signaling sell at MO of 0+, I'll be getting hedged and possibly short.
Okay Al, you got me going. Appreciate the spur. Research today took me to EUR/USD to Gold cuz that ole dollar affects just what happens in commodities. Though not perfectly, gold still is mostly symbiotic with our S&P Index. It seems ratherHere note: gold and silver lost their correlation with $SPX this month. What does that mean please??
Yo: gold-nuts on board: please point out what Al has missed and show your stuff please.
The McClellan Oscillator is the difference between the 5% and 10% Indexes. The 5% and 10% indexes are, respectively, the 19-EMA and 39-EMA of daily advances minus declines.Al_Dente wrote:Hi Mr. Bachnut: What is the 5% index and the 10% index? Thanks very much for posting.Mr. BachNut wrote:Whenever the McClellan Oscillator turns up from -50, it usually makes it back all the way to the 0 line or higher. As it hasn't made it there as of Friday, it favors some upside or at least not much downside over the next few days. Obviously, no guarantees...
I am long at the moment with my finger on the eject button (not comfortable at all with the position). My mechanical model signaled sell last week, but I held off because opex was biasing the signal. If we get a positive day or two and my mechanical model is still signaling sell at MO of 0+, I'll be getting hedged and possibly short.
Also, thanks to all others for great charts this weekend......