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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (18768)	2/2/2001 11:50:03 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 19374

mishedlo, I don't think any particular $TICK reading says much about the coming days. It is a very short term indicator IMHO, really intraday mostly, except when it finishes the day in extreme territory or heading towards extremes. In that event, the $TICK would be most consistent with a reversal, depending of course on how extreme the reading is, and it's relationship to other internals. The $TRIN is much more valuable in this regard, as is the advance/decline line, but of the two I think the TRIN is superior. The NYSE $TICK closed at only -29, from a peak of about -151. So, the $TICK is really in neutral territory for the NYSE, and the NYSE TRIN finished at 1.5 The NDX TRIN finished at 2.84 today, a fairly high reading. But with this internal, the trend is much more important than the spot reading. WS