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Strategies & Market Trends : News Links and Chart Links
SPXL 220.20+2.6%4:00 PM EST
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To: Softechie who wrote (6253)3/4/2003 4:08:41 PM
From: Return to Sender  Read Replies (1) of 29604
 
The 5-day Trader's Index (^STI.N), which is the five-day sum of TRIN, is closing in on a very high number today due to the TRIN close at what I have right now as 3.68. The the 5-day Trader's Index (^STI.N) gives off buy signals when it closes over 9.0 and sell signals when it closes below 4.0.

These signals are rare. We are not quite in buy territory after the close today despite the high TRIN number.

The last 5 days stacks up as follows:


3.68
1.84
0.77
1.21
0.86

Total = 8.36


table.finance.yahoo.com^sti.n&g=d

Today's number may not be 100% accurate but if we get a number over 1.5 tomorrow (at the close) then we will have seen so much down volume that a short term rally could start later this week.

RtS
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