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Tuesday, August 12, 2003 4:37:42 PM
Warning Possible TRIN Sell Signal Generated Today:
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TRIN sell signal extremes are seen when the 5 day moving average moves to 0.85 or below. TRIN market buy signals are generated at when the 5 day moving average is at 1.50 or above.
This may not be a definite sell signal today because it was not confirmed by a low put to call ratio but tomorrow the last big closing high on the TRIN of 2.44 will be 5 days old
http://table.finance.yahoo.com/k?s=^sti.n&g=d
So I look for some definite downside volatility tomorrow or Thursday at the latest.
JMHO of what the chart suggests to me.
RtS
TRIN sell signal extremes are seen when the 5 day moving average moves to 0.85 or below. TRIN market buy signals are generated at when the 5 day moving average is at 1.50 or above.
This may not be a definite sell signal today because it was not confirmed by a low put to call ratio but tomorrow the last big closing high on the TRIN of 2.44 will be 5 days old
http://table.finance.yahoo.com/k?s=^sti.n&g=d
So I look for some definite downside volatility tomorrow or Thursday at the latest.
JMHO of what the chart suggests to me.
RtS
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