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Non-Tech : Binary Hodgepodge
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To: ~digs who started this subject4/3/2001 2:47:03 AM
From: ~digs  Read Replies (2) of 6763
 
Rare signal from the ARMS index:

It has been a little more than a week since the market sent us one of its most reliable, yet least-seen bullish signals.
Only seven times in the past 32 years has the 10-day moving average of the Arms Index for the New York Stock
Exchange moved over 1.50. (The Arms Index shows the relationship between the number of stocks that increase in
price and those that decrease, and the volume associated with those stocks.) In each case, it was a clear and timely
signal that the market was ready to move higher. The occasions that it has given such a reading are at the bottom of
a big decline in 1970, the bottom of the bear market in late 1974, the decline of 1980, the low just before the
secular bull market lasting 17 years got started in 1982, the panic bottom in October 1987 and the big drop in
1997. In most cases, it was within a few days of the exact low. At the close on March 21, this index (which some
traders may still be calling the TRIN) went to 1.61. Dick Arms in TSCM
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