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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Saulamanca who wrote (52901)	6/2/2000 2:40:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Jim, i recommend you look at a chart that depicts a smoothed 10-day NYSE TRIN overlaid with a NYA price chart. you will notice that the TRIN captures both oversold and overbought conditions quite nicely, and that TRIN divergences are often great signals. (e.g. the most recent low in the NAZ was accompanied by a divergent higher low in the NAZ 10-day TRIN). the 10-day TRIN is btw. much more useful than the extremely volatile one-day series. loopometry is based on the 6 by 4 TRIN, which is an extreme smoothing of the series. it gives excellent long term signals, of the 8 sell signals since 1972 only one was a failed signal. its last sell signal on the Dow dates from late January this year, and is still in force. it suggests that for long term investors a much better entry point will be seen sometimes this year. regards, hb