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| NASDAQ McClellan Summation Index: Close 03/07/12 |
Probably due the 'bounce', as the Oscillator has been 'ahead' of the index in the price action (lower).
The Oscillator (Chart #2) stays below the Zero-line & the Bears have control. The Summation Index (Chart #3) stays above its Zero-line and the 'Buy & Hold' crowd hangs tough..... and 'off we go again' (watch Apple: AAPL).
