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

To: Clay M who wrote (43882)	5/26/1998 4:46:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

havent reallly looked at it intraday.... but 3.31 is along way from 1.95 it is something to start watching...

To: Clay M who wrote (43882)	5/26/1998 8:33:00 PM
From: ratan lal	Read Replies (2) \| Respond to of 58727

Clay The theory behind TRIN being a buy inidctaor when its 5 dma is 6 or more is just a simple indication that the market is oversold. BUT that does not mean that it connot continue to be oversold. Check the TRIN during the October crash. I bet you it kept going up and up and anyone acting on it as the bullish indicator over 1.30 would have had to sell his/her first born to pay for the losses. I completely fail to see this as a good indicator of the future. Today was a prime example. My broker from SB called and said that the trin at 130 was a buy signal. Dow was down 80. I disagred and told him DOW was on its way to down more than 100 and the rest is history. I use TRIN only for intraday indicator. Anything below 1 is bullish (lower the # more bullish) for the day and over 1 is bearish (higher the # more bearish it is). Then I look at the trend. IF the trend and support/resistence suggest TRIN below 1 then it supports my other bullish indicators for the day and vice versa. ratan