|
PureBytes Links
Trading Reference Links
|
No, it was written up in an previous issue of TASC. Can't seem to find the
specific issue right now. The June 1990 and Feb 1991 have articles by James
P Martin that are similar. He takes the ratio of call volume to call open
interest and divides by the ratio of put volume to put open interest. Then
he takes a ten day moving average of it and calls it the call/put TRIN.
Those looking for a reversal in the market might want to try plotting VIX in
a point and figure chart as attached. It looks like we hit the 30 level
extreme today which is often a reversal point.
BobR
----- Original Message -----
From: M. Simms <prosys@xxxxxxxxxxxxxxxx>
To: ROBERT ROESKE <bobrabcd@xxxxxxxxxxxxx>; swingmachine
<swingmachine@xxxxxxxxxxx>
Cc: realtraders <realtraders@xxxxxxxxxxxx>
Sent: Thursday, October 14, 1999 9:26 AM
Subject: RE: [SM] Re: How far can it go 10/13/99
> Is that Hines Ratio a proprietary indicator ?
>
> > -----Original Message-----
> > From: ROBERT ROESKE [mailto:bobrabcd@xxxxxxxxxxxxx]
> > Sent: Wednesday, October 13, 1999 8:54 PM
> > To: swingmachine
> > Cc: realtraders
> > Subject: [SM] Re: How far can it go 10/13/99
> >
> >
> > Let's ask the opposite question also, "How high can it go?". The
> > last three
> > times the OEX came off the 670 level it had sizeable gains in one or
more
> > days. The time the modified Hines ratio hit the outright buy
> > calls level on
> > September 3 the OEX had a 20.39 up move the next day. October
> > 4th it had a
> > 12.62 up. August 13 it had 16.4 up. June 28 it had a run all the way
to
> > 735. Sentiment is even more negative today than previously and
> > the dollar,
> > interest rates, inflation environments, earnings are being looked
> > at with a
> > microscope this time. Also tax loss selling and Y2k were not as
> > influential.
> >
> > BobRoeske
> >
> > ----- Original Message -----
> > From: Clyde Lee <clydelee@xxxxxxx>
> > To: swingmachine <swingmachine@xxxxxxxxxxx>
> > Sent: Wednesday, October 13, 1999 3:31 PM
> > Subject: [SM] How far can it go 10/13/99
> >
> >
> > > Well, as markets are prone to do, this one did NOT tak a breather
> > > today as I had anticipated but went right on down.
> > >
> > > Yesterday I mentioned that there had been 28 swings from similar
> > > market conditions in the past 3 years (that is all the 30 minute data
> > > I have).
> > >
> > > Today, to hell with finding the best method of projecting things,
> > > just show of those 28 swings that have occurred any that could
> > > still be met TIME and/or PRICE wise in this run.
> > >
> > > That is the picture today. Worst case was a swing that would
> > > take us to 580 over the next 4 days.
> > >
> > > All the other possibilities are displayed -- no summing -- no
> > > nuttin -- just the facts!!!
> > >
> > > Clyde
> > >
> > >
> > >
> > > - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> > > Clyde Lee Chairman/CEO (Home of SwingMachine)
> > > SYTECH Corporation email: <clydelee@xxxxxxx>
> > > 7910 Westglen, Suite 105 Work: (713) 783-9540
> > > Houston, TX 77063 Fax: (713) 783-1092
> > > - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> > > - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> > > To subscribe / unsubscribe from SwingMachine list
> > > http://www.egroups.com/list/swingmachine/
> > >
> > > After joining list the freeware SwingMachine program
> > > (DOS Version) is available in the VAULT at:
> > > http://www.egroups.com/list/swingmachine/
> > > - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> > >
> > >
> > >
> >
> ------------------------------------------------------------------------
> > >
> > > eGroups.com home: http://www.egroups.com/group/swingmachine
> > > http://www.egroups.com - Simplifying group communications
> > >
> > >
> > >
> > >
> >
> >
> > ------------------------------------------------------------------------
> >
> > eGroups.com home: http://www.egroups.com/group/swingmachine
> > http://www.egroups.com - Simplifying group communications
> >
> >
> >
> >
>
>
Attachment Converted: "c:\eudora\attach\vixpnf.gif"
|