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

To: Electric who wrote (57136)	11/5/1998 8:01:00 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 58727

Wow .. OK here goes. Tick is a cumulative value of either up or down with each trade regardless of the size of the trade. Trin is a ratio of ticks weighted by volume. Watching the trin will let you know where big money is going. Tick has the tendency to show what small money is doing. Trin is where you see all of the games that take place that are designed to take advantage of the small player. You see action like the market being down while large blocks are being bought. Or the market prices up while large blocks are being sold. Today at the open trin was above 1 and the tick was negative .. lock step. Then the tick went north and the trin stalled and started to slowly drop. Big (smart??) money wanted the market to drop .. after all, it was supposed to drop today right? Cash went out to the side getting ready to buy at the end of the resulting pull back .. just one problem .. the guy in the factory had no idea that the market was supposed to pull back today .. and it just kept rolling in. Smart money was left with a choice .. hit it even harder and risk not being able to stop the wave or run with the wave. The trin dipped south of the 1 line when the DJIA was still about -40. At that same time the tick was slightly positive .. there was no turning back. As long as the trin is below 1 there is little risk of the market falling. As long as it is above 1 there is little chance of it going up far. For large direction the tick and trin have to be in step. Where is the top? Who knows. When will it take place .. same answer. How will know it's time? Hard lock step. Let the market do the talking. Gersh BTW this is probably now a worthless indicator. Oh well .. find another one..