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: William W. Dwyer, Jr. who wrote (1422)	8/13/1998 1:11:00 AM
From: David Meyer	Read Replies (1) of 2120

Hi Bill - Here is another URL that has TIC & ARMS. (Under New York Stock Exchange heading) quote.yahoo.com I have heard that ARMS is the same as TRIN. While there go way to the right of ARMS and click on chart. Note it is called SHRT TRM TRD NDX which I think means Short Term Trend Index. The first chart is for today 8/12. We never got above 1.00 which is ground zero. Note that last trade is a -0.63, the minus sign is hard to read. At the bottom of the chart, (Big:) click on 5 day. See where on Tuesday, (08-11-98) most of the day was above 1.00 and as you recall Tuesday was a fairly good day for the market. I know very little about all of this and am just passing on the URL. BTW Here is URL for some International Indices if you are interested. quote.yahoo.com Hey I just found this in the Yahoo Financial Glossary "Arms index Also known as a trading index (TRIN)= (number of advancing issues)/ (number of declining issues) (Total up volume )/ (total down volume). An advance/decline market indicator. Less than 1.0 indicates bullish demand, while above 1.0 is bearish. The index often is smoothed with a simple moving average." "Tick indicator A market indicator based on the number of stocks whose last trade was an uptick or a downtick. Used as an indicator of market sentiment or psychology to try to predict the market's trend." I think the following might (NOTE: MIGHT) mean that TIC and ARMS are real time and not delayed like the stock quotes. If they are delayed, do not use them to make decisions. "Market Indices and Exchange Rates Market Indices, such as the Dow Jones Industrial Average are available through the Yahoo Quotes system. Foreign cash exchange rates are also available. These quotes are displayed in real-time. You can search for them using the symbol lookup feature. Ticker symbols for these items all begin with the circumflex (caret) symbol, ''^''." Enuf for tonite. Regards dpm

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