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Jan
27

With Oversold McClellan, Watch the Down Volume Percentage

By Rennie on Wednesday, January 27th, 2010 at 3:18 pm

With decliners still leading advancers by over 500 issues heading into the final hour, the NYSE McClellan Oscillator appears set to close below -200 for a second consecutive session (it will close below -200 as long as breadth settles in negative territory). When the market is consistently oversold, it’s worth looking at market internals such as the Down Volume percentage for…
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