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


To: donald sew who wrote (37524)3/26/1998 2:58:00 PM
From: Nemer  Respond to of 58727
 
Hey Don:

SPX is blowing and going into the bond close.....

above 1102 and at the high of the day

nearby points are 1097--1102 and 1107

I have no ceiling between here and 1107 and with the relative weakness of the last two days, it' s hard for me to picture getting there.

SPX reached 1103 and has been slowly retreating but is holding above 1102 and bonds have been closed now for 5 minutes.
and is currently at 1102.47

No more edits on this post forthcoming......ggg

Regards---Nemer



To: donald sew who wrote (37524)3/26/1998 6:46:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
TRIN is a bogus indicator, from my point of view.

I traded out of a room on Exchange Place across from the Exchange for years. Trading off the TRIN was less than 40% reliable.

Perhaps the problem is, everyone looks at it. I glance at it now and then.....it often keeps me out of bad trades but also keeps me out of good ones.

I do not know why...but I do not find the TRIN is all it's cracked up to be. It's a nice toy to mess with but I've been there, done that. Never made me much money.