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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: kas1 who wrote (13155)1/14/1998 12:11:00 AM
From: Michael Bakunin  Read Replies (1) | Respond to of 94695
 
Named for the fella who invented it, Richard Arms. His formula is:
(Advancing Issues / Declining Issues) / (Advancing Volume / Declining Volume)

I prefer to rearrange it to (DVol/Dec) / (UVol/Adv) -- average down stock volume to avg. up stock volume.

On Friday, as the indexes sunk, all the volume was down stocks (which, granted, was most stocks), and TRIN hit 4: the down stocks had traded an average of 4 shares to up stocks' one. I think it's supposed to be a short-term trading tool, but I like it as an indicator of sentiment.



To: kas1 who wrote (13155)1/14/1998 8:31:00 AM
From: James F. Hopkins  Respond to of 94695
 
Hi Kas1; I'l look it up and keep the Arms Index in mind, Like Bill
I do not see it as some great indicator. It's trailing but may
confirm a trend.
BTW This don't paste in good but most of Asia went up while we
were asleep.
Australia
All Ordinaries
^AORD
12:06AM
2605.3
+40.0
+1.56%
China
Shanghai Composite
^SSEC
2:00AM
1202.215
+34.568
+2.96%
Hong Kong
Hang Seng
^HSI
2:55AM
9226.55
+506.55
+5.81%
India
BSE 30
^BSESN
5:41AM
3400.79
-30.93
-0.90%
Indonesia
Jakarta Composite
^JKSE
4:00AM
403.981
+21.844
+5.72%
Japan
Nikkei 225
^N225
1:03AM
15121.98
+366.04
+2.48%
Malaysia
KLSE Composite
^KLSE
4:01AM
536.68
+32.79
+6.51%
New Zealand
NZSE 40
^NZ40
10:08PM
2236.40
+21.87
+0.99%
Pakistan
Karachi 100
^KSE
4:28AM
1517.36
0.00
0.00%
Philippines
PSE Composite
^PSI
11:09PM
1686.22
+95.23
+5.99%
Singapore
Straits Times
^SS1
4:01AM
1243.27
+86.75
+7.50%
South Korea
Seoul Composite
^KS11
1:41AM
475.13
+11.39
+2.46%
Sri Lanka
All Share
^CSE
Jan 13
699.20
-5.80
-0.82%
Taiwan
Taiwan Weighted
^TWII
11:04PM
7798.25
+285.01
+3.79%
Thailand
SET
^SETI
5:01AM
367.69
+18.73
+5.37%

For the breadth of it, that's a strong move, and signals a bottom
is at hand over there or close at hand.
Jim


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