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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: 16yearcycle who wrote (10577)10/13/2002 10:40:09 PM
From: Lone Ranger  Respond to of 30712
 
EK,
This from stockchart's glossary.
"A number of TRIN interpretations have evolved over the years. Richard Arms, the originator, uses the TRIN to detect extreme conditions in the market. He considers the market to be overbought when the 10-day moving average of the TRIN declines below .8 and oversold when it moves above 1.2. Other interpretations seek to use the direction and absolute level of the TRIN to determine bullish and bearish scenarios. In the momentum driven markets, the TRIN can remain oversold or overbought for extended periods of time."



To: 16yearcycle who wrote (10577)10/14/2002 8:31:46 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 30712
 
Gene: The trin in the past few days is indicative of a overbought condition in the short term. At this point, I don't view the longer term trin as bullish in this market except for bear market bounces/rallies. Dick Arms and Don Hays are a few that have used a bull market mindset toward the trin to call many false bottoms.