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

To: Walkingshadow who wrote (18772)	2/3/2001 12:03:28 AM
From: mishedlo	Read Replies (1) \| Respond to of 19374

WS - I have used the TICK count successfully many times during the bear market phases to determine when to buy. It has worked quite well in practice actually. Once these declines have started, they keep going until we see at least 2 and usually 3 days where the tick count hits close to -1000. Those "buying dips" would do well IMHO to avoid false signals on short drops in the TRIN unless previously accompanied by appropriate fear. A very nice reversal signal is when the tick count hits -1000 and the TRIN drops below 1.0 That is an indication that money is starting to pour in and a reversal is about to happen, after enough people had sold out at the local bottom. M