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

To: jjs_ynot who wrote (14702)	5/23/1999 3:28:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

>>I looked at that chart. If I understand that represents the 12 day cumulative TRIN normalized by daily volume somehow. Is that correct?<< Basically yes. Reuters does not provide true TRIN. MetaStock claims that the formula to compute TRIN or ARMS Index is to tske the close of Advance decline and divide it by the Advance/decline volume. So that is how I compute it. It may not be as precise as writing down the daily numbers but I have seen differences here before depending on what the source is anyway when some people use Yahoo, others, wall street journal, IBD etc. I just went and checked my formula and realized it is really a 5 Day TRIN not 12 day. I was confusing it with my 12 Day advance decline. I have so many charts I can't even keep straight what they all are <ng> I just re-labeled the indicator on the chart so it will be more obvious on the next update Monday. Good Luck, Note - As I said, it can reach much higher levels during strong sell-offs. It reached 15 October 97 and reached 9 in Jan 98, September 98 and October 98. All other times, it reversed and the market bounced around these levels. Good Luck, Lee