If you guys need a Nasdaq TRIN, I have it on Q-charts so just remind me. It is also available on Stockcharts:
stockcharts.com[w,a]dallyimy[dc][pb10!b20!b50!b200][vc60][iUc20!La12,26,9!Lf!Lh4,3]
After screwing around with the Naz Trin, I have found that a 10-period MA on the 60-min chart generates exceptionally good trading signals when it crosses the zero line. The last 4 shorting/sell signals were:
-At the open on the May 23, good for a approx 200 Naz points
-At the open May 9, good for 130 Naz points
-Early on May 3, good for 50 points
-At the open April 23, good for 100 points
It also generates great buy signals crossing below the zero line:
-June 1 open, 150 Nasdaq points
-late on May 15, 230 points
-early on May 7, (filtered out quickly when we crossed back on May 9 open)-break even
-April 30 open. 160 points
It generated a sell early today too, just after the morning dump. Combine that with the set up for a '3' on Monday and you'll see why I'm long QQQ poots right now. |
