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


To: Night Trader who wrote (60889)5/2/2002 11:10:05 PM
From: AD  Respond to of 99280
 
The Arms Index (a/k/a TRading INdex = TRIN) has been a valuable technical tool for many years, allowing observers to sometimes accurately gauge overbought and oversold levels and to act accordingly. Unfortunately, the indicator has now been undeniably busted by unique circumstances.



To: Night Trader who wrote (60889)5/2/2002 11:14:44 PM
From: Zeev Hed  Read Replies (3) | Respond to of 99280
 
If one uses like Hayes, absolute values, then that author is right, but if one uses a kind of a moving average and compare the trin behavior to recent behavior, it is still quite a useful number. The 10 day moving average staying above 1.5 has already been proven to lead nowhere in last year summer set up for the August/September decline.

Zeev