Casaubon; Thanks I thought taht post would jar a complement
from some of the good guys. It was a lead in to get someone's
attention as I have discovered something about the "TRIN"
and just want to pass it on to the good guys.
1 The trin is not something you can always use as an indicator.
2 If a certain pattern don't show up just pass using it.
3 Gaps are most important, then the direction it moves after a gap
4 use 60 min chart don't worry with it's normal average and if it's
not moving much up or down forget it.
5 Back to the GAPs if it gaps down then starts moving UP the market is going to sell off. You don't always get the gap but as long as
it continues it's direction from the day before it's valid.
6 If it gaps up and starts moving down you will have a rally,
and as long as it continues it's valid.
7 If it reverses fast either way and you were using it then
close your positions.
Last I have not found any arbitrary "average" that makes the TRIN
useful it can fool hell out of you if use it when it's not
making strong changes. So in summery the TRIN is only good
when it is undergoing a rather strong change When it moves
against a gap is almost a sure bet, this don't happen all that
often I just caught onto it several weeks ago, and last week
it really confirmed what I thought I had discovered.
If you can look at last weeks trin on an hour chart you will
see what I'm talking about, when you don't get dramatic changes
in the trin use other indicators.
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Like at a dog track there are some things people will tell you
are the golden rules , like inside runners , & fast breakers ,&
first to the first turn, but all those rules go out the window if certain conditions are not met.
The trin needs to be in motion to be usable, forget any
"arbitrary average" just keep an eye on the direction of the short
term average whatever it is, and if that direction don't have
more than normal momentum forget it.
BUT if it does then Trin moving up market down, Trin moving
down market up, best noticed after a gap.
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Trying to use the Trin when it's just meandering is like me trying to make love without my viagra. ( don't laugh I'm 62 and can still out
do a lot of the young pups. )
Jim |
