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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Jack of All Trades who wrote (26979)	9/24/1999 5:08:00 AM
From: Matthew L. Jones	Read Replies (2) of 99985

TRIN of .50 is NOT the same as TRIN of 2.0-- TRIN of 2.0 is 4 time greater TRIN = (Adv Issues / Decl Issues) / (Adv Volume / Decl Volume) Typically, TRIN of < 0.6 is overbought and TRIN > 1.1 is oversold (although as I indicated in my earlier post it is fairly subjective and needs to be calibrated based on recent history. At any rate, 1.8 is extremely oversold IMO. Hope this makes sense Matt

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