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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (3298)11/5/2001 9:14:23 PM
From: The Freep  Read Replies (1) | Respond to of 99280
 
<<When everybody on this thread was Bearish they made fun of the ARMS indicator now we are asked to believe it cause its turning bearish..>>

As I recall, the "making fun of" had more to do with those who proclaimed that the signal the ARMS index was giving HAD NEVER FAILED! Then, when it did fail, there was no comment about that. Ultimately, one can argue that the extreme ARMS readings did presage the turnaround, of course. The other argument re: the ARMS index was that possibly signals work differently in bear and bull markets. Now, it's possible we're in a new leg of a bull market, so the bearish readings might simply imply a breather in this rally (now up more than 25% in the Naz). Or they may be proven as wrong as the bullish readings were during a brutal bear decline. Time will tell.

the freep



To: Rich1 who wrote (3298)11/5/2001 10:48:59 PM
From: ajtj99  Respond to of 99280
 
Rich, I'm no devotee of the Arms index. I do use the TRINQ to identify intra and daily peaks and valleys, however. I was just presenting that information as another piece to help clarify the technical puzzle.

Most of us here do not base our decisions on any one single indicator. Like our ideal diversified portfolios, we need diverse indicators to help round out our views of the market direction. The Arms index, or Trin, is just another indicator that we all can monitor.


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