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Technology Stocks : Stock Swap

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To: ViperChick Secret Agent 006.9 who wrote (9946)12/2/1997 11:04:00 AM
From: Patrick Slevin  Read Replies (2) of 17305
 
In the post I replied to you referred to the TICK. TRIN, to my way of thinking

...And my way of thinking has little weight because I no longer follow TRIN......

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Well, let's look at what it is.

From Kevin H. TRIN is calculated as

(adv/decl) / (adv vol/decl vol)

In other words it is based on action in the cash market. If one decides that the cash market leads the futures market, then TRIN should be valid for the spoos. If not, then TRIN is a lagging indicator and may be used for confirmation, but not as a predictor.
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