Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: steve goldman who wrote (1001)	5/4/1998 12:17:00 PM
From: Allen B.	Read Replies (1) of 2120

Greetings Steve, I watched the TRIN closely this morning for the first time while trading and I watched it slowly tick up as the market did- it ultimately signaled a slight downturn and I unloaded a few winners and a few losers most of which are trading lower now. Do you use the TRIN as an absolute value (i.e. -1 is bullish, +1 is bearish) or do you follow the trend of the tick closely (i.e. as in today, the market and the TRIN are both moving higher, perhaps signifying that the rally might not have too much steam)? Thanks again for you help and input. Regards, Allen

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