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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (30357)	2/19/2002 8:30:25 AM
From: isopatch	Read Replies (1) \| Respond to of 52237

John. What's your current read on the market and your current asset allocation? TIA Isopatch

To: John Pitera who wrote (30357)	2/19/2002 9:59:19 PM
From: Vitas	Read Replies (1) \| Respond to of 52237

Hi John, yes, the NASD TRIN 50 is a summation of the past 50 days NASD trin, which is calculated from a-d and udv data from the WSJ since the trin formula is already a ratio calculation - advancing issues/declining issues divided by advancing volume/declining volume, I don't think it needs to be adjusted any further to reflect increasing issues or volume, but shoot me an example formula and we will see what it looks like if you look at the late 1950's you will see the NYSE trin 50 gets close to the 30 area (.30 on a daily basis), and since 65 seems to be the upper boundary for 1942 to now, the fact that the NASD version is back above 65 is not a good thing short term I know McClellan adjusts the straight advance decline summation formulas because there you subtract numbers instead of dividing them the daily ratio 1 percent exponential ma of up - down volume and volume summation charts I post are ratio based formulas Vitas here is the Metastock summation function description: SYNTAX sum( DATA ARRAY, PERIODS ) FUNCTION Calculates a cumulative sum of the DATA ARRAY for the specified number of lookback PERIODs (including today). EXAMPLE The formula "sum( CLOSE, 12 )" returns the sum of the preceding 12 closing prices. A 12-period simple moving average could be written "sum(C,12) / 12."