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To: ViperChick Secret Agent 006.9 who wrote (9932)12/2/1997 9:17:00 AM
From: Trader X  Read Replies (1) | Respond to of 17305
 
for the morbidly curious...TRIN is calculated as

(adv/decl) / (adv vol/decl vol)

so it really is a measurement of momentum, ie- rising prices on falling volume.

Tick is a favored measurement of the OEX options crowd, indicating extreme overbought/oversold conditions, very different use than that of TRIN.



To: ViperChick Secret Agent 006.9 who wrote (9932)12/2/1997 9:28:00 AM
From: Patrick Slevin  Read Replies (2) | Respond to of 17305
 
Here's a page for the Neural Net impaired.

trendysystems.com

A high TICK means it accelerated too far too fast. Usually high TICK readings are good turns because it's an indication that one side or the other has just been blown out and either everyone is buying because the shorts are covering or everyone is selling because the longs are selling.

I glance at TRIN once in awhile but I'd have to read up on it again, then track it for reliability. Perhaps I can do something with it this weekend. But for the spoos it seems to be a non-issue. For the OEX it may be okay.