Tuesday, June 26, 2007

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:

Jeff said...

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