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Strategies & Market Trends : DayTrading the OEX -- Ignore unavailable to you. Want to Upgrade?

To: Deryck Jordan who wrote (11)	2/23/1998 2:32:00 PM
From: Dewars	Read Replies (1) \| Respond to of 94

Deryck, TRIN is ARMS SHORT TERM TRADING INDEX. It is advancing issues/declining issues divided by volume of advancing issues/volume of declining issues on the NYSE. It is a ratio where 1 is said to be even on the above formula. So below 1 would be considered on the bullish side and above 1 is considered bearish. It is a daily indicator and is only a tool that can be used. The s&p 500 futures direction seems to move the price direction of the OEX options. They seem to correlate quite close along with obviously the s&p 100 and DOW JONES direction.