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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. The weekly stochastics are now negative and the McClellan Oscillator has a pattern of lower highs and lower lows meaning the advancing issues are fewer while the declining issues are growing. 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). |
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