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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: gfs_1999 who wrote (19076)6/28/2001 1:25:02 AM
From: Morris Catt  Respond to of 30051
 
GFS,

Do you have a link for D Hays Q&A site?

Thanks,

Mac



To: gfs_1999 who wrote (19076)6/28/2001 11:53:33 AM
From: Saulamanca  Respond to of 30051
 
Gfs, Didn`t the Nasdaq stop the double counting of volume?

Trin is not a perfect indicator, it has it`s flaws. A moving average of Trin helps smooth things out.

Adv = 1,000
Dec = 100
AV = 1,000,000
DV = 200,000

(1,000 / 100) / (1,000,000 / 200,000) = 10 / 5 = 2.00

Would you consider 10 to 1 advancers over decliners and 5 to 1 advancing volume over declining volume a bullish or bearish day?

Jim