The link I provided on a prior post did not work. In short this is what it said. Due to a new keyboard I am having difficulty copying the whole article. You can find the actual link on Marketwatch.com. I havn`t been a student of the Index but I watch charts in general for changes in trading ranges, resistance and support. Luckily I posted my opinion on the change of trading ranges a day or so before I found this article. Here is his first part. " McClellan doesn’t have a strong view on how far stocks could fall, just that it will probably be an “ugly decline” lasting into early 2016. The good news is that his models suggest it should not be as bad as the 2007-to-2009 bear market, when the S&P 500 Index SPX, -3.19% plunged as much as 57%, or the 2000-to-2002 selloff when the index plummeted 49%.
“I try to get the direction right, and I let the magnitude take care of itself,” McClellan said.
From his home in Lakewood, Wash., about 10 miles outside of Tacoma and nearly 3,000 miles from Wall Street, McClellan scours over what seem to be hundreds of charts covering the stock, commodities and bond markets, and even those following weather patterns, architecture billings and sunspot activity.
The West Point grad and former Army helicopter pilot also relies heavily on the widely used technical indicator that bears his surname, the McClellan Oscillator (MCO). Developed in 1969 by his parents, Sherman and Marian McClellan, that indicator can be used to determine overbought and oversold conditions".
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