Posted by goap1207 on 22nd of Jun 2021 at 12:32 am
You introduced these to me years ago and these Osc are no fail
when they get this low!!! Every time they are outside the
lower BB, its always been a massive bounce within a day or so.
Only time they fail is if we have a Covid like event when the
market is in a free fall. These are part of my no fail charts
as I like to call them. Consider also that the Dow and
SPX both closed below their respective lower BB; 5 RSI oversold
especially on the DOW; the 14 RSI on DOW most oversold since Covid,
and the subsystems went long!!! OMG perfect recipe for a
massive bounce. Thanks to you and your chart examples, I am
pretty much 90% plus on these type of bounces.
McClellan Oscilators played out
Posted by matt on 21st of Jun 2021 at 01:48 pm
Man I'm slipping in my old age LOL, can't believe I didn't put these in the weekend newsletter
The Dow McClellan Osc closed below the lower BB's 3 consecutive days, that was super stretched
!MCOSIRDOW - Chart Link
!MCOSIRSPX - Chart Link- the SPX version was 2 days below
You introduced these to me
Posted by goap1207 on 22nd of Jun 2021 at 12:32 am
You introduced these to me years ago and these Osc are no fail when they get this low!!! Every time they are outside the lower BB, its always been a massive bounce within a day or so. Only time they fail is if we have a Covid like event when the market is in a free fall. These are part of my no fail charts as I like to call them. Consider also that the Dow and SPX both closed below their respective lower BB; 5 RSI oversold especially on the DOW; the 14 RSI on DOW most oversold since Covid, and the subsystems went long!!! OMG perfect recipe for a massive bounce. Thanks to you and your chart examples, I am pretty much 90% plus on these type of bounces.
What else is in your
Posted by mstaples37 on 22nd of Jun 2021 at 01:11 am
What else is in your "no fail chart" toolkit?