Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Warpfactor who wrote (36471)	5/28/2002 8:56:34 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 52237

Warpfactor, Good observations. Yes, the weekly would be only friday's close- and as you point out- the weekly is much higher than the 5 day. I don't really know what it means- or if it's only been happening since last september. It could also be explained by ST traders closing positions on friday- which they often do, terrorism or not. Risk reduction, I guess. I took friday afternoon's sell off as a buying opportunity, and added to my longs. Thanks for the thoughts- Can you point me to some of the posts where you have discussed these factors? I'd be interested in checking them out. Regards, TW

To: Warpfactor who wrote (36471)	5/28/2002 10:39:15 AM
From: Terry Whitman	Read Replies (2) \| Respond to of 52237

OK- I had to check out the friday closes on TRIN. Here's what I discovered for this year, 2002, so far: When friday TRIN is greater than 1.5, the following day always had a lower closing TRIN (7 out of 7x). The market OTOH (basis SPX), was only up 4 of the 7x the following day. When friday TRIN was > 2.0, the following day again always had a lower TRIN (4/4x)- but the odds of an up day were much lower, only 1/4.. Intraday values on the following day, are of course not taken into account. So theoretically, the TRIN could have gone quite a bit higher before it reversed on the follow day. Not enough instances to draw solid conclusions- but here's a suggested theory: Weekly closing 1.5 < TRIN < 2.0 - look for a tradeable low on monday. Weekly closing TRIN > 2.0- wait an extra day before looking for a low.. TW