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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: William W. Dwyer, Jr. who wrote (1037)	9/6/1998 3:28:00 PM
From: Dave Bissett	Respond to of 7382

There is a good paper discussing TRIN at the yamner.com site.

To: William W. Dwyer, Jr. who wrote (1037)	9/6/1998 3:55:00 PM
From: TraderAlan	Read Replies (2) \| Respond to of 7382

Bill, $TICK is an oscillator that is considered overbought > +1000 and oversold < -1000. These levels were considered good for intermediate reversals (1-3 days) until this recent correction, where I've seen -1700 and many trips below -1000. For trading I use 5-min candles and track parallel channels created by $TICK during the day. Once a channel is established, buyers come in at the bottom and sell at the top. The channel seems to get broken several times per day, indicating a short term change in trend. Most times, a new channel forms in the opposite direction. The channel break itself appears an excellent entry point. $TICK also works on support/resistance. For example, if the day opens with a -800 minimum, when it comes back to that range, buyers generally come in quickly. Since I can't trade TICK directly, I use it for deciding whether to enter a position or not. For example, INTC might be at a buy point but TICK is at the top of its channel. I'll likely pass the long trade. Alternatively, if sell conditions are good, the top of the TICK channel is a good short sale point. Also use a combination of Fibonacci-tuned MAs and Bollinger Bands on a 5-min price chart for support-resistance. I don't want to give these settings out on a public board since they're proprietary and I'm getting paid to write educational material about them. But if any of the saner minds here would like them, write me privately and I might pass them along, as long as I get input on how well they work for you. I used to use $INDU but am pretty hooked on the SP futures at this point. Again that may be because the futures psychos have been leading this correction since the beginning. I watch ADV/DECL, ADVQ/DECLQ and DELL, MSFT, CSCO, INTC even though I don't trade them as much as I used to. Since they comprise such a large % of NASDAQ Comp, it's easy to get fooled into believing there is a strong market when one of these is up big. I haven't tried $TRIN but might someday. Alan