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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (19590)6/1/1998 8:16:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 94695
 
my 5 day trin is 6.28 using 1.85 for the day there was the discrepancy between 1.85 and 1.95 on the quote

David did have 6.3
but the prevailing thinking is 6

and I think the signal is valid

because if you had looked at the futures close Friday..which was about 4 below where the cash closed..and was running down 4 MORE this morning....you would have thought the DOW and the S&P would have been way down

we went up strong this morning and still closed up on both the futures...the cash..and the DOW

the technicals still suck....
but when you see that trin over 6 you have to look for some short term strength as you saw today...
we will just have to watch how the indicator reacts...