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

To: ViperChick Secret Agent 006.9 who wrote (1623)	12/7/1997 10:39:00 PM
From: Joe W.	Read Replies (1) \| Respond to of 12617

Linda Raschke on TRIN Here is an excerpt from Linda Raschke's article on daytrading the S&P 500 where she talks about how she uses TRIN. Thought this would be of interest. LINDA RASCHKE on TRIN Another intraday indicator I would like to mention is the Trin (the concentration of volume in advancing and declining stocks.) Trin represents the market's "gas pedal". The absolute value of the Trin is not really as important as the direction it is trending. If the Trin is dropping from 80...76...74...72..., it indicates buying coming into the market. Someone is stepping on the gas pedal. If the Trin holds at a constant level from here, you can say that there is no selling coming into the market. In other words, there is no deterioration. In general, follow the trend of the Trin. A change in its direction confirms market turning points. (In the first 1/2 hour of trading, the Trin will tend to jump around a lot. Don't pay too much attention to this indicator until the majority of stocks have opened and had a chance to stabilize). ------------------- Any comments..