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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: dvdw© who wrote (14077)3/19/2004 1:23:51 AM
From: Chip McVickar  Respond to of 206699
 
Dave... just take a look at Trin for yourself... don't trust me
Example... Great Low on 10/9/02 of 7215.39
Trin recorded at 1.01...
Over the proceeding 48 days there were 12 + 2.00s... one reading of 3.46

Sure there was a cluster of 3 +2.00s in the prior 9 days, But that happened 5 different times over the proceeding 78 days.

During that period the DOW droped 1,543 points in 45 days and 2,346 in 78 days

Trin measures internal strength...
It's not a very accurate trend reversal or entry timing forecaster... JMO....FWTW...etc, etc