Market Timing
One of my yahoo associates developed what he calls a BETTER TRINthan what Richard Arms devloped. He gave me the XLS spread sheet so i can track it myself.I do have 8 years of ARMS & trin data from which that VOLUME graph is derived. But heres what weve got just since late Feb when I started it.SELL SIGNALS ARE generated when the better trin drops under MINUS 10and the 5 sma gets above 1.15 FEB 29 was a MINUS - 13.72 is the BETTER TRIN # AND the 5day Smoothed average is 1.04so we see the mkt responded with only a mild retreat March 5th MINUS 20.92 and 1.18 thus we got a 200 pts sell off on March 6th March 9thMINUS 10.07 and 1.17Nowwe wait for MONDAY to see the resultsTHERE IS NO Guarantee that HIGHER #s mean a bigger sell off or not. In other words, we dont know (YET) if there is a correlation between the numeric index LEVEL,and the severity of a sell off, and of course visa versa with #s over PLUS 8.00 & under 1.10for buy signals.LaterJay
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One of my yahoo associates developed what he calls a BETTER TRIN
than what Richard Arms devloped.
He gave me the XLS spread sheet so i can track it myself.
I do have 8 years of ARMS & trin data from which that VOLUME graph is derived.
But heres what weve got just since late Feb when I started it.
SELL SIGNALS ARE generated when the better trin drops under MINUS 10
and the 5 sma gets above 1.15
FEB 29 was a MINUS - 13.72 is the BETTER TRIN # AND the 5day Smoothed average is 1.04
so we see the mkt responded with only a mild retreat
March 5th
MINUS 20.92 and 1.18 thus we got a 200 pts sell off on March 6th
March 9th
MINUS 10.07 and 1.17
Now
we wait for MONDAY to see the results
THERE IS NO Guarantee that HIGHER #s mean a bigger sell off or not.
In other words, we dont know (YET) if there is a correlation between the numeric index LEVEL,
and the severity of a sell off, and of course visa versa with #s over PLUS 8.00 & under 1.10
for buy signals.
Later
Jay
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