A popular market breadth indicator, the McClellan oscillator is one of
the tools that MoneyShow's Tom Aspray has come to rely on over
the years, and here he explains how he uses it, along with some formation
The debate over whether it is possible to time the stock market has been
going on for years and will likely continue into the foreseeable future. One of
the difficulties in assessing the merits of market timing is that some of the
analysis that goes into the determination is subjective rather than objective.
This can make the testing of a methodology quite difficult.
Another key factor is the time frame that one is trying to predict. In other
words, are you looking three months out? Six months? Years? Of course, the most
difficult are the short-term forecasts as to whether the stock market is going
to be up or down the next week.