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To: ratan lal who wrote (40396)	4/20/1998 11:15:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Ratan, I really do not follow the TRIN, but thought it was more an indicator of the SPX. Seeya

To: ratan lal who wrote (40396)	4/20/1998 11:34:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

TRIN is based on the Advancing and Declining stocks on the NYSE, as I recall. TIKI is based on the DJIA 30. I guess you could construct a Nasdaq Trin, if you have the data to crunch it real-time. EDIT Fred beat me to the punch again. Age is setting in.

To: ratan lal who wrote (40396)	4/20/1998 11:37:00 AM
From: donald sew	Respond to of 58727

Ratan, I hope I am going to make some sense. Right now the DOW is only down 18 and the NAZ up 20. I would interpret such levels as that the pullback did not yet start. If the DOW and SPX closes just flat or a little positive and the NAZ closes near its highs, then the overall market will again be extremely overbought per my short-term technicals. Then the day to initiate puts would be tomorrow at the high of the day and some type of dip should occur by WED, but it could be very small - nothing to make money off of. The reason I say that is the way the NAZ just easiliy just set new highs and the action or money rotation. My MSH PUTS are getting killed, and I will just have to do some damage control. In light of the technicals being so high, I will wait for some sort of dip within the next 2 days to cut my losses, either by creating a spread with a lower strikeprice PUT or liquidating my position totally. I still feel that there is a good chance for a pullback, not huge but large enough prior to MAY expiration. Seeya