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To: sirinam who wrote (19122)	6/2/2000 1:36:00 PM
From: MartinF	Read Replies (1) \| Respond to of 77509

TRIN ressemble beaucoup a TICK mais il prends en consideration le volume qui pousse les upticks/downtick. On dit que c'est negatif (bearish) au dessus de 1.0 et positif (bullish) en dessous de 1.0. Un espece de "On Balance Volume" a tres court terme pour l'ensemble du NYSE.

To: sirinam who wrote (19122)	6/2/2000 1:44:00 PM
From: sirinam	Respond to of 77509

Claude, notre gars nous lache geocities.com Tu es pas mal tranquille. Moi aussi. Mais mon humeur commence … revenir Sirinam

To: sirinam who wrote (19122)	6/2/2000 1:52:00 PM
From: lapiastre	Read Replies (2) \| Respond to of 77509

Le TRIN: TRIN - SHORT-TERM TRADING INDEX A. Definition The Short-Term Trading Index, or TRIN, compares the ratio of the number of up/down issues with the ratio of up/down volume to measure the strength or weakness of the market. TRIN is used on an intra-day basis and is available from Quotron with the symbol TRIN. The formula is: TRIN = (No. Up Issues/No. Down Issues)/ (Up Volume/Down Volume) B. Trading Uses TRIN gauges the rate at which volume is flowing into the market relative to the ratio of advancing/declining number of issues. TRIN is based on the assumption that the direction and rate of volume is a leading indicator for the stock market. The data for TRIN is useful only for the current trading day and has no cumulative effect like the A/D Line. TRIN of 1 is neutral A TRIN of 1 is considered neutral because it means that the up/down volume and the up/down number of issues are both moving in the same direction in equal proportions. For example, the following three situations all give a neutral TRIN of 1: Bull Market: TRIN = (1500/500)/(150m/50m) = 3/3 = 1 Neutral Market: TRIN = (1000/1000)/(100m/100m) = 1/1 = 1 Bear Market: TRIN = (500/1500)/(50m/150m) = (1/3)/(1/3) =1 TRIN below 1 is bullish In a bull market, a TRIN value below 1 is considered bullish because up-volume is unexpectedly high (i.e., up-volume is large relative to the ratio of up/down number of issues). In other words, a relatively large amount of volume is flowing into a limited number of advancing issues, suggesting that further volume is likely to flow into advancing issues. If TRIN is declining in a rising market, a bullish signal is given because it suggests that an increasing amount of volume is flowing into a limited number of advancing issues. For example: Bull Market: TRIN = (1500/500)/(175m/25m) = 3/7 = .43 In a bear market, a TRIN value below 1 is also considered bullish because an unexpectedly low amount of volume is flowing into declining issues (i.e., down-volume is small relative to the ratio of up/down number of issues). If TRIN is declining in a bear market, a bullish signal is given because it shows that volume flowing into declining issues is drying up. For example: Bear Market: TRIN = (500/1500)/(100m/100m) = (1/3)/1 = .33 TRIN above 1 is bearish In a bull market, a TRIN value above 1 is considered bearish because an unexpectedly small amount of volume is flowing into advancing issues (i.e., up volume is relatively small compared to the ratio of up/down number of issues). If TRIN is rising in a bull market, a bearish signal is given because volume into advancing issues is drying up. For example: Bull Market: TRIN = (1500/500)/(100m/100m) = 3/1 = 3 In a bear market, a TRIN value above 1 is also considered bearish because an unexpectedly large amount of volume is flowing into declining issues (i.e., down volume is relatively high compared to the ratio of up/down number of issues). If TRIN is rising in a bear market, a bearish signal is given because it shows that volume is increasing into a limited number of declining issues. For example: Bear Market: TRIN = (500/1500)/(25m/175m) = .33/.14 = 2.4 The various values and significance of TRIN can be summarized as follows: Rising Market Declining Market Bullish - High volume Bullish - Low volume TRIN below 1 flowing into a limited flowing into down issues (Bullish) number of up issues Bearish - Low volume Bearish - High volume TRIN above 1 flowing into up issues flowing into a limited (Bearish) number of down issues oir.com Lapiastre