SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : P&S and STO Death Blow's
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: augieboo who wrote (6100)8/31/2002 11:36:32 AM
From: mishedlo  Read Replies (2) of 30712
 
In retrace parlance, however, it often means at TRINQ reading of 5+, which is considered a sign of a short term top on the COMP.

Thanks Augie but this one looks plain out wrong.
TRINQ of 5 is heavy heavy selling and usually is not maintainable. Several days of TRINQ excessive days would usually mark a BOTTOM not a top.

On the first day of selling (after a prolongued rise) we would not normally hop right away to a TRINQ reading of 5 cause people still have profits (from their last buy).

That is my take anywway.
Did Jeff write that or is that your intrepretation?

TRINQ readings of 5 are indeed very bearish so if that is the point I agree (but it is bearish to the point of being a culmination is what I am saying, and thus not a top).

What we saw right before this rally dies was many consecutive days of TRINQ hitting or staying below .3. Some days got to .14 or whatever. That was absolutely unsustainable buying and did in fact mark the top.

I believe the best indicator of a top is after a huge runup, we have excessively low TRINQ readings and stocks go nowhere. Panic buying in other words and no real movement in price. Everyone that could possibly buy has likely just done so, and that should mark the TOP. Not a reading of 5, which is the reverse.

M
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News