Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: William W. Dwyer, Jr. who wrote (1422)	8/10/1998 11:45:00 PM
From: Nemer	Read Replies (1) \| Respond to of 2120

Bill: The same question was asked earlier today on the Z thread.. here are very simple defs .....http://www.exchange2000.com/~wsapi/investor/reply-5458004 most quote screens will give you TICK and TRIN is you enter them as $TICK and $TRIN --- the normal range for the TICK is about plus 1200 to minus 1200, but this amount is exceeded in a strongly moving market. the normal range for the TRIN is about .50 to 1.50, but again, this amount is also exceeded sometimes, too. as far as telling you how to use them ....... now that's another story ... I use them both every day, but it's more for obtaining a "feel" for the market than setting up strict guidelines for their usage. Regards ---- Nemer

To: William W. Dwyer, Jr. who wrote (1422)	8/11/1998 12:55:00 AM
From: Lee Lichterman III	Respond to of 2120

To add to what has already been said. The TICK can also be used to indicate large buy and sell programs also by watching for large sudden jumps. That is the way I have found it the most useful. A sudden surge of 500 points or so will usually be the first sign that you need to enter or exit fast an issue you have been watching yet the price hasn't shown the upcoming move yet. Many times you can find yourself holding a good momentum mover when suddenly the TICK will swing hard negative. I usually find it is time to exit on the first opportunity before the massive sells hit the gains I have made to that point or if I am trading the put side looking for the positive tick of a buy program. You still need to see if your stock is in the program so it is not an automatic. Sometimes the buy/sell program s won't have your issue loaded and it will just skip you.

To: William W. Dwyer, Jr. who wrote (1422)	8/12/1998 10:14:00 PM
From: David Meyer	Read Replies (1) \| Respond to of 2120

Hi Bill - The message at this URL on the MB Trading thread has some info on TRIN and TICK that might be of interest. exchange2000.com Try to contain your comments on that thread <ggg> Regards, DM ps: if you come up with a program to calculate the TRIN for NASDAQ, please be sure and post it as well as send it to me in a Private Message. Thanks

To: William W. Dwyer, Jr. who wrote (1422)	8/13/1998 1:11:00 AM
From: David Meyer	Read Replies (1) \| Respond to of 2120

Hi Bill - Here is another URL that has TIC & ARMS. (Under New York Stock Exchange heading) quote.yahoo.com I have heard that ARMS is the same as TRIN. While there go way to the right of ARMS and click on chart. Note it is called SHRT TRM TRD NDX which I think means Short Term Trend Index. The first chart is for today 8/12. We never got above 1.00 which is ground zero. Note that last trade is a -0.63, the minus sign is hard to read. At the bottom of the chart, (Big:) click on 5 day. See where on Tuesday, (08-11-98) most of the day was above 1.00 and as you recall Tuesday was a fairly good day for the market. I know very little about all of this and am just passing on the URL. BTW Here is URL for some International Indices if you are interested. quote.yahoo.com Hey I just found this in the Yahoo Financial Glossary "Arms index Also known as a trading index (TRIN)= (number of advancing issues)/ (number of declining issues) (Total up volume )/ (total down volume). An advance/decline market indicator. Less than 1.0 indicates bullish demand, while above 1.0 is bearish. The index often is smoothed with a simple moving average." "Tick indicator A market indicator based on the number of stocks whose last trade was an uptick or a downtick. Used as an indicator of market sentiment or psychology to try to predict the market's trend." I think the following might (NOTE: MIGHT) mean that TIC and ARMS are real time and not delayed like the stock quotes. If they are delayed, do not use them to make decisions. "Market Indices and Exchange Rates Market Indices, such as the Dow Jones Industrial Average are available through the Yahoo Quotes system. Foreign cash exchange rates are also available. These quotes are displayed in real-time. You can search for them using the symbol lookup feature. Ticker symbols for these items all begin with the circumflex (caret) symbol, ''^''." Enuf for tonite. Regards dpm