MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: HairBall who wrote (740)	12/8/1998 2:28:00 AM
From: eabDad	Read Replies (1) of 99985

LG- I only began following the 5-day TRIN about a year ago. Readings over 6.0 (which do not happen that often) usually indicate a move up on the S&P by 8-10% within 2-4 weeks. More extreme readings indicate a major low. I do not know what the typical day trading trends are, as I use it only as a 2-4 week indicator. I was out of the country last week, otherwise I would have bought calls at the open on Friday. I was simply hoping to get a better entry. With the market up a few percent now from the low, I may sit this one out. Recent 5 day TRIN 6.0+ readings occurred on 6/15, 8/31 (extreme reading over 8), a rare double hit on 9/22 and the 9/29-10/1 window (when it hit over 8 again). This is the first signal we've seen since the major low, and frankly I'm surprised we got it this early. I have not been able to use the TRIN as reliably on the downside, so I just sit and wait for 6's. Z

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