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To: Chris who wrote (23021)	5/5/2000 2:08:00 PM
From: drsvelte	Read Replies (5) \| Respond to of 42787

Chris... Here's a good source of education on various indicators. The TRIN (or Arms Index) is discussed... equis.com

To: Chris who wrote (23021)	5/8/2000 4:32:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

I use the TRIN in terms of the trend that is in place, and some patterns that can show up that can resolve in a reversal of this indicator with some interesting results in how this shows up in the market. Also the zero point is worth noting in how TRIN behaves with respect to this value. The TICK I look at more closely than the TRIN. The TICK demonstrates S&R and patterns that tend to resolve in the opposite direction that the TICK has been demonstrating. Some use this as a OB/OS type of indicator where if price makes new highs not accompanied by a new high on the TRIN, this can mean price will pull back or reverse. Also its zero value is worth noting allow with any apparent S or R values that can be seen from a broad look at the chart. I have found the TICK more useful than the TRIN even though there are times that the TRIN has pointed to a price reversal that was worth noting. This is where the TRIN has been trending opposite of what appears to be the current intraday direction of the market. Or the market is an extended congestion indicates no apparent buying or selling which the TRIN indicates an underlying movement of buying or selling. I have used the TICK successfully as a OB/OS indicator. However, I find it more worthwhile to note S&R and patterns that have it challenge its trend line. If price is setting up for a price reversal, this movement of the TICK can give price its impetus in that direction. I have used it successfully in this manner too, with its breakdown of S or R or its trend line and the thrusting move it can make in these circumstances. But the way the market is trading has to be considered. Some markets have the 1-min TICK chart work well in this regard. Other markets show the 5-min TICK chart more meaningful. Just some observations. :-) Bob Graham