Posted by marketguy on 10th of Nov 2011 at 07:02 am
tom, I've followed the trin for a couple years now and the
author is right...where a HIGH trin used to mean oversold it's been
fairly useless the last number of years...now that said, I have
combined it with a TICK I use which helps a little but I wouldn't
rely on it much....
if going long yesterday be careful if we take out yesterday's
lows (but I'm sure you know that)....
Good point MG and I will be watching and I am prepared to hedge
if need be. And by the way I find great usefulness in your many
charts as do most members here. You are one of the best.
I have been a bull since the beginning of October and have been
rewarded for it. ....however I do believe that we are at a turning
point. There are a number of technical as well as fundamental
reasons for my change of position (long to short) and I may
elaborate and post Monday. My message to you is to hang in there
with your shorts (assuming your risk tolerance permits). I think
you were early but I think you will be proven correct.
Remember, it could only be relevant for today. Thereafter, well
that's another matter and this indicator, as suggested isn't much
use. I wish you luck and with the futures up 10+ you'll be
happy.
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Hope you are right jasper,
TRIN
Posted by tomW1 on 10th of Nov 2011 at 06:58 am
Hope you are right jasper, I greatly increased my longs yesterday. I do believe this is a buying opportunity.
tom, I've followed the trin
Posted by marketguy on 10th of Nov 2011 at 07:02 am
tom, I've followed the trin for a couple years now and the author is right...where a HIGH trin used to mean oversold it's been fairly useless the last number of years...now that said, I have combined it with a TICK I use which helps a little but I wouldn't rely on it much....
if going long yesterday be careful if we take out yesterday's lows (but I'm sure you know that)....
Good point MG and I
Posted by tomW1 on 10th of Nov 2011 at 07:12 am
Good point MG and I will be watching and I am prepared to hedge if need be. And by the way I find great usefulness in your many charts as do most members here. You are one of the best.
thanks tom (appreciate it)....I try,
Posted by marketguy on 10th of Nov 2011 at 07:48 am
thanks tom (appreciate it)....I try, and as you know, I wear my emotions on my sleeves (whether that's good or bad I don't know)....
Marketguy, I have been a bull
Posted by tomW1 on 12th of Nov 2011 at 03:50 pm
Marketguy,
I have been a bull since the beginning of October and have been rewarded for it. ....however I do believe that we are at a turning point. There are a number of technical as well as fundamental reasons for my change of position (long to short) and I may elaborate and post Monday. My message to you is to hang in there with your shorts (assuming your risk tolerance permits). I think you were early but I think you will be proven correct.
TomW1
Remember, it could only be
Posted by jasper on 10th of Nov 2011 at 07:02 am
Remember, it could only be relevant for today. Thereafter, well that's another matter and this indicator, as suggested isn't much use. I wish you luck and with the futures up 10+ you'll be happy.