Monday, January 16, 2012

A Bullish Perspective

Tom McClellan and the Ratio-Adjusted Summation Index

Tom McClellan has written an article in support of the continuation of the rally which has technical significance. He suggests that the current move in the ratio-adjusted summation index above +500 indicates that the rally will continue, and that the top of the rally will probably occur with a lower high in the RASI below +500.  If this is correct, we might be looking for a negative divergence developing in February or March as an indication of a top for wave (X).  See

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