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To: j g cordes who wrote (35985)3/5/1998 12:26:00 AM
From: Broken_Clock  Read Replies (1) | Respond to of 58727
 
jim-
where do you find trin & tick information on stocks?
TIA
PK



To: j g cordes who wrote (35985)3/5/1998 1:02:00 AM
From: Patrick Slevin  Respond to of 58727
 
Regardless of what Dick Arms officially states about the Traders Index, the fact is the TRIN travels in ranges, as does the TICK.

Most probably you are looking at dailies. So you may see the TICK travel from -500 to +500 on any given day. During that day, however, it may have been once that the TICK traversed into the extreme on one side or the other. Ditto the TRIN.

I look at TICK and TRIN on 5 minute bar charts. I can assure you, that although I do not have my screens up, in the morning when I fire up the charts I am quite certain that the TRIN, over the past several days, has spent most of the time (Intraday) near 80.

So when I say that it is relative, I am saying it is relative to the time frame that the current market is in. At this point in time, a TRIN of 120 is extreme. Two weeks from now, a TRIN of 80 may be extreme.

Presently a positive TICK of 500 is extreme. A week ago it was not.

That is what I call relative.



To: j g cordes who wrote (35985)3/5/1998 1:11:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
One other point on the Arms Index.....

you said,
<Tomorrow morning take a closer look at tick and trin indicators when
the selling kicks in. You'll see trin well over 100, probably around
140-210 initially>

This morning with the market down a bunch I bought because the TRIN floated between 43 and 49. Not the "over 100" that you think it should have been at.