TRIN v. TICKS
I'm going to use the TRIN today instead of the TICKS to try and gauge short term moves.
On Briefing, they give the following guidelines
TRIN reading:
.65 or lower, very bullish
.65-.90 bullish
.90-1.1 neutral
1.1-1.35 bearish
1.35 or above very bearish
Does anyone out there use this indicator and concur or disagree with these general levels?
1 comment:
just be careful that soemtimes one or a couple of stocks can screw with the index - also a course look at the trend of the tirn too to judge where things are going
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