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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (29103)	7/30/1999 1:15:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I had to check two different feeds because I thought you said SP9U. No, the SPX did not, but the SP9U did cross it at about the same time. I think more important was the drop through the 8 which started about 11:15. Sort of a signal which coupled with the declining TIKI and PREM was a good warning. Using the 8, the TRIN started it's push higher around 10:40 after flatlining for a few bars. But now, isn't this view more applicable to volatility? In other words, wouldn't the range be much tighter in a slowly trending market or relatively quite market.....not that we have had a lot of that lately. It's been quite some time since I looked at TRIN much but if I recall correctly, with the exception of rather extreme conditions, the range generally floats from 0.43 to 1.35 or so. If so, then the sucker is extended at the moment, at 1.33