Replies to post #41586 on SPDR S&P 500 (SPY)

[be]

TICK & TRIN with Bull/Bear Criteria (per trading Grand Master CHI2)

URL gives NAS,SPX,Trins,Ticks

http://www.marketswing.com/realtime.htm
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TRIN readings, Bull or Bear?
Save this someplace,
These are Chi2's best criteria for TRIN's, for-Free.

DEFINITIONS AND EXAMPLES
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E is NYSE
TRINQ is NASDAQ
TRINE< 0.70 means if NYSE TRIN is less than 0.70
0.80<Q<1.00 means if NASDAQ TRIN is greater than 0.80 and less than 1.00
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Arms Index=TRIN NYSE NASDAQ--------------- ---- ------Bull E<0.70 Q<0.80Neutral 0.70<E<0.90 0.80<Q<1.00 Near Bear 0.90<E<1.00 1.00<Q<1.10Bear 1.00<E 1.10<QVery Bearish 2.00<E 2.00<Q

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Wait until 30 min into Mrkts before using.
Review 5min interval chart & slope of their trends.
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http://www.marketswing.com/realtime.htm

[Neutral Man]

Ok SmartAsskieOne... Yes, I said that the Q's tend to be the LAST one to Fall or Rise and hence, one could watch the OEX front run the Q's for confirmation of ones extrapolations!

I also said that I use option delta as well because on extreme donw days the calls will have superior premium over the puts signalling an end to the decline?

ie... Q's trading at 42.75 and the Mar43 call going for 1.00 and the Mar43 put going for .90, very telling since da-Boyz determine the option price?

Btw... There are MANY more inserted, coded if you will, treasures in me post and Obviously you failed by NOT extracting the Importance of the OE Pivot and the ability of price to CLOSE above said pivot, OUCH, how many more clues have you OverLooked, Oh boy!?

Good trades and Good indicators Hunting,
nm