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PART 4
 
 
 
The
McClellan Oscillators and Summation Indexes, are confirming that
indeed the market is attempting to find a bottom. As a part of
the process we would expect the McClellan Oscillator to turn
down at the zero line (orange line) We want to see the Index
making a lower low, while the oscillator doesn't, thus creating
a "positive" divergence - a important ingredient of
any bottom formation!
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5
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