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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Joe W. who wrote (1568)	12/7/1997 1:14:00 AM
From: Richard Estes	Read Replies (1) \| Respond to of 12617

Trin or the arms index usually ranges from .40 to 1.40. All positive reading. The lower the number the more overbought, the larger numbers are oversold. a <.70 and >1.20 triggers often reflect short term reversals even during the day. You might be referring to Chande's thrust indicator. Tick 800 and -800 might be used to measure OB/OS. Both might be measured with a 5 day EMA for smoothing. Trin closed at .60 and Tick at 738 both more overbought than not. giving a short term down market. If you follow it through the day, you will see large moves very quickly, over minutes. The close might not be best measure. I don't use net quotes or charts, but you ought to find it out there.