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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (17285)	10/21/2002 9:11:50 AM
From: pvz	Read Replies (1) \| Respond to of 23153

Augieboo, That's a very interesting study. I haven't been paying much attention to trinq, but what you put together might be worth investigating in more detail. It seems to suggest one could do some very good swing trading by: 1. ignoring trinq readings between 0.50 and 4.99 2. buying the close when high is below 0.5 3. selling the close when high is above 4.99. This the complete opposite of what I would have expected but the correlation in your data seems to be very strong. I'm curious what kind of variability you saw within the subsequent D+1 to D=10 average changes. Were there large readings skewing the results? Am I interpreting this correctly? pvz

To: augieboo who wrote (17285)	10/21/2002 12:04:35 PM
From: Warpfactor	Read Replies (3) \| Respond to of 23153

The TRINQ study shows results that are seemingly opposite of the TRIN mantra's. With TRIN, one typically would infer a buy signal with a high TRIN reading. Low TRIN is typically associated with overbought conditions. Your study seems to show that gains are usually forthcoming after low TRINQs, and losses follow extreme high. Any reason why this might be?? I would theorize the following. TRIN keys off of NYSE and is used as a contrarian indicator. A high TRIN reading is indicative that there has been strong selling pressure. The NYSE is broad spectrum - covering a wide array of industry groups. In order to get the high TRINs over such a broad collection of sectors, this implies that some sectors are getting panic dumped. (Remember the definition of TRIN is a disparity between ratio of volume bought/sold to num issues bought/sold) The TRINQ is mostly tech. Different sectors but they usually move as a herd. A high TRINQ means that certain sectors (networkers, SOX, BTech) are getting whacked on a given day. Assume that SOX is getting whacked on a given day and we get a TRINQ of 6. Unlike a high TRIN - which will signal a climax, a high TRINQ seems to imply that other tech sector will follow SOX into the crapper over the next few days. A signal to "open the floodgates" if you will. Would be nice to get ahold of some bull market data though, and see how that plays.