Thursday, September 19, 2002 4:55:53 PM
More Warpfactor on TRIN Trading
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BTW, I was able to do some further analysis on TRIN and TRINQ this past weekend:
http://home.attbi.com/~gottfriedm/trin_and_trinq_vs_naz.xls
This is an Excel spreadsheet format, was not able to post it in HTM for some reason. I suspect that users may need EXCEL on their computers to view the file.
In summary, if an investor were to sit in cash for the past 2.5 years, only to come out when TRIN was > 2.5 (or 2 consecutive days of TRIN > 1.9), said investor would have posted a 55% gain. The long period was only a 1 day hold per occurence, and I used the NASDAQ to calculate returns. Did not include the money market interest accrued while sitting on cash, nor the commissions to buy and sell (presumably the QQQ).
Also looked at the strategy of shorting the Nasdaq whenever TRIN < 0.40. Although modest returns were posted using this strategy, I personally would like better odds. Will look at some DMA's.
Then I looked at TRINQ long @ > 3.5 or short at < 0.35. I could establish no positive correlation re: TRINQ using either long or short strategies. At this point I consider TRINQ to be a totally worthless indicator.
Warp
**************************************************************
(:
Most recent Charts @ MDA Thread #board-1320
My Trading Stuff #board-1220
PPT Archive #board-1280
Charting Experiments #board-1263
******************************************************
BTW, I was able to do some further analysis on TRIN and TRINQ this past weekend:
http://home.attbi.com/~gottfriedm/trin_and_trinq_vs_naz.xls
This is an Excel spreadsheet format, was not able to post it in HTM for some reason. I suspect that users may need EXCEL on their computers to view the file.
In summary, if an investor were to sit in cash for the past 2.5 years, only to come out when TRIN was > 2.5 (or 2 consecutive days of TRIN > 1.9), said investor would have posted a 55% gain. The long period was only a 1 day hold per occurence, and I used the NASDAQ to calculate returns. Did not include the money market interest accrued while sitting on cash, nor the commissions to buy and sell (presumably the QQQ).
Also looked at the strategy of shorting the Nasdaq whenever TRIN < 0.40. Although modest returns were posted using this strategy, I personally would like better odds. Will look at some DMA's.
Then I looked at TRINQ long @ > 3.5 or short at < 0.35. I could establish no positive correlation re: TRINQ using either long or short strategies. At this point I consider TRINQ to be a totally worthless indicator.
Warp
**************************************************************
(:
Most recent Charts @ MDA Thread #board-1320
My Trading Stuff #board-1220
PPT Archive #board-1280
Charting Experiments #board-1263
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