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Strategies & Market Trends : News Links and Chart Links
SPXL 224.62+0.2%4:00 PM EST
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To: ajtj99 who wrote (12398)7/29/2005 9:12:38 AM
From: Les H  Read Replies (4) of 29595
 
There's nothing new in turns of signals from the TRIN
this week. It's somewhat ineffective at this point as
in 2003. The major push for the market seems to be
coming from the specialist buys to support the market
per the Marketgauge data and from the Fed support with
liquidity (with coupon passes to launch the market in
May and to support the market in June, and later with
large injections in both securities lending and TOMOs).
With the NDAQ and QQQQ comprising much of the volume on
the Nasdaq and the ETFs moving to the NYSE, I think the
NYSE and Nasdaq TRINs may be losing the ability to track
the OB/OS effectively.


TRIN, A/D, and U/D for Thursday Jul 28, 2005
_              5d TRIN   10d TRIN   10d A/D   10d U/D   21d A/D   21d U/D
DJIA/NYSE        1.05      1.07       1.26      1.14      1.29      1.22
OTC              0.95      0.93       1.16      1.28      1.17      1.40
S&P 500          1.18      1.12       1.18      1.12      1.24      1.24
S&P 100          1.09      1.15       1.09      0.96      1.22      1.14
NASDAQ 100       1.02      1.00       1.08      1.20      1.17      1.38
NYSE Advance/Decline ratio
stockcharts.com.
Nasdaq Advance/Decline ratio
stockcharts.com.
TRIN               overbought <= 0.75  oversold >= 1.50
Adv/Dec ratio      overbought >= 1.25  oversold <= 0.75
Up/Dn vol ratio    overbought >= 1.25  oversold <= 0.75
Note: the above TRINs use an exponential average of daily TRIN values.
below, I've provided the normal TRINs that use a regular moving avg.
_              5d TRIN   10d TRIN
DJIA/NYSE        1.04      1.15
OTC              1.04      0.96
S&P 500          1.18      1.15
S&P 100          1.22      1.29
NASDAQ 100       1.10      1.04
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