Replies to post #12430 on Strategy Central

[shortterm]

I find the 5 min charts quite strange....

I think we might go down as TRAN is taking off the low of yesterday and TRIN has been moving up.

Check the 5-min charts for

BKX - it's been literally a straight line
SPX - 2 point range most of the day
INDU - 10 point range since 11am
TRAN steadily down

[be]

Day like this... trin/trinq is not reliable , any big trading programs can significantly change its direction in a heart beat . I would rather know the direction of how the big Institutions play before jumping in . ....offcourse , these big elephants won't look to the stars in sky or begin to count waves for exit or entry ...LOL...
thanks. be

[nofluffstuff]

Note on my calls. I am of course a little uncomfortable here, but am becoming convinced I was right to buy them.
DOW is about to take off, I believe.
SOX is already going.
TRAN is not going lower.
COMP is just starting up.