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

To: SpecialK who wrote (42370)	1/23/2003 11:28:40 AM
From: SpecialK	Respond to of 52237

TRIN5 - also interesting to note that TRIN5, during the Aug to December 2000, continouos slide downward, as seen in Nasdaq and S&P, was mired between 4 and 6 until November and only got to 8 in Jan 2001. TRIN5 above 9.0 may signal that a 1 day rally is due, but not anything more significant. Please tell me where I'm wrong in my analysis, if I am. I was following most of the TRIN5 numbers as being meaningful, though I never looked at the data til now. Ketan

To: SpecialK who wrote (42370)	1/23/2003 12:05:56 PM
From: Terry Whitman	Respond to of 52237

K- Yes, that's the data I used. TRIN5 >9.0 readings have been quite rare in the past, but not so rare over the past year. I'm not sure if there's any particular significance to 9 over 8. Just a tad worse sell off. The general usage has been to take the TRIN5 over 8 as a bottoming signal- but as you have studied, they didn't work so well during bearish market periods. Since the Oct. lows, it has done better, indicating at least a ST low within the next 2 days. If this one doesn't kick in today, I'd have to take that as a bearish signal- perhaps indicating that there will be no bottom for this signal.