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

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To: William W. Dwyer, Jr. who wrote (1422)8/10/1998 11:45:00 PM
From: Nemer  Read Replies (1) of 2120
 
Bill:

The same question was asked earlier today on the Z thread..

here are very simple defs .....http://www.exchange2000.com/~wsapi/investor/reply-5458004

most quote screens will give you TICK and TRIN is you enter them as $TICK and $TRIN ---

the normal range for the TICK is about plus 1200 to minus 1200, but this amount is exceeded in a strongly moving market.

the normal range for the TRIN is about .50 to 1.50, but again, this amount is also exceeded sometimes, too.

as far as telling you how to use them ....... now that's another story ...
I use them both every day, but it's more for obtaining a "feel" for the market than setting up strict guidelines for their usage.

Regards ---- Nemer
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