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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Warpfactor who wrote (36471)	5/28/2002 10:39:15 AM
From: Terry Whitman	Read Replies (2) of 52237

OK- I had to check out the friday closes on TRIN. Here's what I discovered for this year, 2002, so far: When friday TRIN is greater than 1.5, the following day always had a lower closing TRIN (7 out of 7x). The market OTOH (basis SPX), was only up 4 of the 7x the following day. When friday TRIN was > 2.0, the following day again always had a lower TRIN (4/4x)- but the odds of an up day were much lower, only 1/4.. Intraday values on the following day, are of course not taken into account. So theoretically, the TRIN could have gone quite a bit higher before it reversed on the follow day. Not enough instances to draw solid conclusions- but here's a suggested theory: Weekly closing 1.5 < TRIN < 2.0 - look for a tradeable low on monday. Weekly closing TRIN > 2.0- wait an extra day before looking for a low.. TW

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