"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"
% stocks above 50 DMA peaked in OCT, since then the market keeps chugging higher, but the NYAD 50R makes lower highs. I see LAX short term demand, low volume on rallys, high volume on the declines, IMHO the bullishness didn't even get dented by this weeks events and decline.....and IMHO the decline that started this week is just getting going.....
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