Foreword

“Every investor is a market timer. Some people buy when they have money, and sell when they need money. Others use methods that are more sophisticated.”

Marian McClellan, 1934–2003

My mother Marian taught me that lesson many years ago, when I was first getting started as a stock market analyst. She had seen and heard a lot of good and bad market “wisdom” over the years since she and my father Sherman McClellan first created the McClellan Oscillator and Summation Index back in 1969. Since that time, hundreds of thousands of people have become aware of the tools that they originated, and a smaller number than that have learned to use them successfully to help in their market timing.

The term “market timing” has taken on a negative connotation ...

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