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To: ION$ who wrote (30938)	1/18/1998 2:23:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

5speed, thanks for further clarification and the reference source for TRIN. I see it used most often as another indicator to look at for confirmation of overall market trend. It has been bugging me because until now I had not received a good explanation of TRIN. When is it most effective for you? ION$, I could not find a definition of TRIN. 5speed found it in no time. I wonder what he does<VBG> Glenn

To: ION$ who wrote (30938)	1/18/1998 2:37:00 PM
From: Jurgen	Respond to of 61433

ION$, the daily data tends to be noisy. I use it with a 10-day simple moving average as a confirming indicator to detect oversold or overbought conditions for the intermediate term. When the 10 day SMA rises above 1.2 the market is said to be oversold, when it falls below 0.8 it's overbought. I'm currently experimenting with a rearranged TRIN as suggested by Chande: Market Thrust MT = (AIAV-DIDV)/1,000,000. MT is cumulated to identify underlying trends. This can be smoothed or summed for trading purposes. I'll let you know if i find out something promising 5speed