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


To: Gersh Avery who wrote (57137)11/5/1998 9:40:00 PM
From: ratan lal  Read Replies (1) | Respond to of 58727
 
Gersh

Good, simple and straightforward explanation of tick and trin. trin has been a good indicator upto now. Of course after this if everyone starts using it, the big (smart?) money will have to start using osme other t(r)icks.

ratan



To: Gersh Avery who wrote (57137)11/6/1998 12:25:00 AM
From: Electric  Read Replies (2) | Respond to of 58727
 
Gersh,

You know I really appreciate you telling me that. In the entire time I have listened to TRIN talk, nobody has ever explained it in a way that you did.

I am sure that I am not alone in saying that if you are on the money with your explanation, I totally understand it.

TICK is for the entire larger broader market and the TRIN is weighted and will move with blocks, and not with the little buyer. So if it dips below 1, then the market is likely to bounce. Do you have any level or number that signifies what is firm resistance, somthing that might be seen as a buy in point?
And if the TRIN is over 1, then the likliehood is for a drop, and do you have any numnber intra-day that would be of signifigance?

I appreciate your explanation, and I thank you..