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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Daflye who wrote (6944)	2/23/1999 8:01:00 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 99985

I can think of rising stocks and falling volumes as an example of high TRIN which can lead to a fall rather than indicating an oversold condition. I'm gonna head back to my market lab now and do some exploring, but my glance at those long term TRIN and market graphs seems to support my previous statement. take care, Sun Tzu

To: Daflye who wrote (6944)	2/23/1999 11:33:00 PM
From: Challo Jeregy	Respond to of 99985

ST & D - re Trin - According to Elders "Trading for a Living" - TRIN hovers between .75 to .85 in neutral markets. . . TRIN of .60 marks great bullish strength at an early stage of a bull market.. . . The same reading of .60 during a rally in a bear market marks a major shorting opportunity. TRIN works best when combined with the New High-New Low Index. If TRIN becomes oversold while NH-NL reaches a new low, it shows that a bearish leadership is strong and the downtrend is likely to continue. If TRIN becomes oversold but NH-NL traces a bullish divergence, it marks an important low . . . TRIN gives its strongest buy and sell signals when it diverges from prices. There is more about TRIN and other indicators in chapter 6.