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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: cloudless who wrote (5400)	11/13/1999 11:57:00 AM
From: Matthew L. Jones	Respond to of 18137

TICK is like a mini advance-decline line. It is a total of all of the up ticks and down ticks on the NYSE at a given point in time. Typical range for it is +800 to -800 (plus being bullish and minus being bearish). Once it gets to extreme levels, look for a reversal. There is a similar symbol TIKI which is essentially the same thing only just using the DOW 30 stocks. Was much more useful when the Dow led the market. The symbols are sometimes $TICK or $TIKI. TRIN (also called the "traders index" or the ARMS index is a ratio of up volume to down volume. Of all of them, I find the TICK the most useful (particularly when I use it in 5 minute bars and insert Bollinger bands). You can find them all at quote.com if your quote system doesn't provide them. Matt