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To: Allen B. who wrote (3912)4/27/1998 3:44:00 PM
From: TFF  Respond to of 12617
 
Thanks, I appreciate that.



To: Allen B. who wrote (3912)4/27/1998 8:49:00 PM
From: steve goldman  Read Replies (1) | Respond to of 12617
 
I know we have mentioned it a number of time, but I strongly suggest that readers of this thread familiarize themselves with a few technical indicators, specifically TRIN (short term TRading INdex), ticks and tracking bond yields.

The market has not been interest rate supersensitive for quite a few months but it appears we are headed back that way where the market moves with bond ticks. Get the quote symbol for bond ticks for your quote service.

There is a good definition of TRIN on our website at yamner.com go to yamner univ. yamner lib then look for the trin doc. Trin is a ratio of adv/decl / advissu/decliss so it shows you momentum change relative to volume.

Ticks, these are the cumulative up or down ticks at any one moment....So if a whole lot of stocks are down, at their lows, but last prices start heading up, "TICKING" up, that is a stock is quoted,
10 1/4, down 3, last at 10 1/4, 1/4, 5/16, the 5/16 is an uptick. Add all the last ticks up, net and you get TICKS.

By watching bond yields, the trin and tick, I was able to have a bunch of successful trades today and did a nice job buying the market down 220ish today.

Just some info i think most traders should familiarize themselves with. Go to our Yamenr uNiv and then after we familiarize ourselves, we should discuss in detail.

Regards,
Steve@yamner.com