Posted by mitchell on 17th of Aug 2022 at 09:38 pm
Timebandit - Whats your take on $TRIN indicator reaching
lows...implies market top...? Lots of contradicting indicator
signals out there, which makes this market treacherous.
Posted by timebandit on 18th of Aug 2022 at 07:26 pm
Ok, mitchell, it's getting pretty extreme. Not a perfect timing
mechanism, if you look back at earlier occurences at this level.
But definitely could be close to a strong move. My guess
would be down, but it's just a guess
Posted by timebandit on 17th of Aug 2022 at 09:46 pm
Man, I’ve been looking at that and haven’t been able to draw
anything conclusions. That indicator is funky. It’s not at an
extreme, which was where it was when I made that original post and
was able to compare it to other occurrences. Tell me if you’ve been
able to figure it out.
Timebandit - Whats your take
On Friday, the 10 day moving average of $TRIN closed ...
Posted by mitchell on 17th of Aug 2022 at 09:38 pm
Timebandit - Whats your take on $TRIN indicator reaching lows...implies market top...? Lots of contradicting indicator signals out there, which makes this market treacherous.
Ok, mitchell, it's getting pretty
Posted by timebandit on 18th of Aug 2022 at 07:26 pm
Ok, mitchell, it's getting pretty extreme. Not a perfect timing mechanism, if you look back at earlier occurences at this level. But definitely could be close to a strong move. My guess would be down, but it's just a guess
$TRIN chart
Man, I’ve been looking at
Posted by timebandit on 17th of Aug 2022 at 09:46 pm
Man, I’ve been looking at that and haven’t been able to draw anything conclusions. That indicator is funky. It’s not at an extreme, which was where it was when I made that original post and was able to compare it to other occurrences. Tell me if you’ve been able to figure it out.
Not one I use but
Posted by mitchell on 17th of Aug 2022 at 09:54 pm
Not one I use but glanced at it today as I scan indicators...seems to indicate near ST top similar to early 2022, but not conclusive as you mention.