Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Showing posts with label Technical Indicators. Show all posts
Showing posts with label Technical Indicators. Show all posts

Wednesday, February 15, 2012

NYSE McClellan Osc


Yesterday saw some heavy readings in the A/D line, and far more Bearish than price is suggesting, if you look carefully the summation index is starting to roll over

Thats a longer term indicator, the short term indicator is the NYSE McClellan index

Now i am not a volume analysis trader, but when i see clues like this at the top of a trend and with a suspected 5 wave count off the Dec lows, it tells me the Bulls need to be on DEFCON 2