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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Kevin who wrote (36163)3/6/1998 9:40:00 AM
From: Bart  Read Replies (1) | Respond to of 58727
 
Anybody else feel like this is one of those infamous sucker rallies? You know open strong , suck up the bucks then drop it like a hot potato!!



To: Kevin who wrote (36163)3/6/1998 10:24:00 AM
From: Stoctrash  Read Replies (2) | Respond to of 58727
 
Kevin,
I invert all my trin data by dividing by 1
so I can see tops as tops and bottoms as bottoms.

Just on a visual and memory basis, the trin is much better at bottoms than tops, IMO. Sometimes tops on the trin just stall the market....but i'm looking at a 5 DAvg BTw....

Not sure what you were regressing with..<gg>



To: Kevin who wrote (36163)3/6/1998 2:07:00 PM
From: Patrick Slevin  Respond to of 58727
 
I have not run such a correlation, as I have an idea that TRIN is a following indicator, not a leading one except for "ultra-short" term moves. I have also never noticed where TRIN traded exceptionally oddly prior to a major move.

For the past week or so it had a tendency to stay around 80. Yet we have had major moves both ways.

This is not to say that it does not exist, just that my best guess would be that the correlation is probably not there.