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They gave no warning of this afternoon's decline, so it will be interesting to
see how the rest of the afternoon shakes out. Generally, they seem to do a
better job of indicating rallies. The only independent (not price based)
indicator I have which did give adequate warning of this afternoon's decline
uses a/d issues and a/d volume.
Earl
-----Original Message-----
From: BobRABCDEF@xxxxxxx <BobRABCDEF@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, August 25, 1998 11:38 AM
Subject: Re: GEN - CBOE Trins
>The CBOE Trins are a bit puzzling at times. It seems that if one is above 1.0
>and the other below 1.0 the spread between them becomes useful as a direction
>indicator. They don't always run a "mirror" of each other and sometimes one
>will remain bearish or bullish throughout the day while the other one has
>trend characteristics. They are a fascinating pair to watch.
>
>BobR
>
>---------------------
>In a message dated 98-08-25 13:16:44 EDT, eadamy@xxxxxxxxxx writes:
>
><< Subj: Re: GEN - CBOE Trins
> Date: 98-08-25 13:16:44 EDT
> From: eadamy@xxxxxxxxxx (Earl Adamy)
> Sender: owner-realtraders@xxxxxxxxxxxxxx
> Reply-to: eadamy@xxxxxxxxxx
> To: realtraders@xxxxxxxxxxxxxx (RealTraders Discussion Group)
>
> Been keeping an eye on these (5min chart) for some time now while day trading
> the S&P and they do indeed appear to provide useful information!
>
> Are the CBOE Put and Call Trins calculated in a manner similar to the NYSE
>Trin
> where the trin value reflects a mix of a/d issues and a/d volume and low
>numbers
> indicate strength and high numbers weakness? What I haven't quite got my head
> around is why a call trin below 1.0 and a put trin above 1.0 (reflecting
>strong
> demand for calls and light demand for puts) is bullish, however it does seem
>to
> work that way. Generally options are considered a contrary rather than
> confirming indicator.
>
> Earl
>
> -----Original Message-----
> From: BobRABCDEF@xxxxxxx <BobRABCDEF@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Friday, July 17, 1998 8:42 AM
> Subject: GEN - CBOE Trins
>
>
> >FWIW, here is a perspective on trend identification using the CBOE Put and
> >Call Trins. There are four states based on levels of the Trins.
> >
> >Both above 1.0. Mixed trend
> >Both below 1.0. Mixed trend
> >Call trin above and put trin below = bearish
> >Call trin below and put trin above = bullish
> >
> >These CBOE Trins tend to saturate when the broad mkt has strong trend and to
> >chop around when the trend is indecisive. They seem to be much more alive
> >than the NYSE TRIN.
> >
> >BobR
> >
>
> >>
>
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