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Samples in periodicals archive:
It must also occur when the NYSE McClellan Oscillator, a measure of market momentum, is negative.
The rollover in the McClellan oscillator and the inability of the S&P 500 to take out its June high coupled with seasonal weakness are enough to suggest a top has been in the making for some time.
Although technicians have created dozens of methods for charting stocks, the modes most used by technicians include the Dow Theory, the McClellan Oscillator and the Elliott Wave.
Brogan will also be discussing the following indices: NYSE Composite Daily, McClellan Oscillator, Dow Jones Industrials (DJIA), NASDAQ Advance Decline Line, NASDAQ Composite Daily (COMP), S & P 500 Index, 30 Year Treasury Bond (TBOND), American Biotech Daily (BTK), and American Internet Index (IIX).