TRINs.
I've been posting charts of the TRINs fairly regularly on weekends for some time now......trying to read the tea leaves. without a hell-uva-lot of success.'
New tack today......Instead of using 5 or 10 day MAs.....which didn't do much of a smoothing job...I am shifting in today's charts to 20d MAs.......4 weeks.. They DO help a lot in providing SOME smoothing..and presumed better indications of underlying trends.....??
In today's charts, I've drawn in oversold (green) and overbought (red) lines, roughly across the tops and bottoms of the 20d MA range since Oct (all the time period I'm looking at now).....Hopefully, that would indicate an oversold rally is due when the MA approaches or hits the upper green line, and an overbought pullback when the MA approaches/hits the red.
As you can see, this approach does not give a crystal clear indicator, either.......but I think it helps a little, at least, in using the TRINs.
As of now....TRIN signalling nothing for $NYA...LOL......MAYBE on the way toward oversold and an eventual bounce.
TRINQ, however, very close to oversold.....and a bounce there may be nearer.......but not quite in the cards yet..
With that lengthy, wishy-washy intro, I present to you........ta-ra...a new version of the TRINs ...for your perusal, amusement, whatever......GG>>
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