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In a message dated 5/23/00 2:40:04 AM Eastern Daylight Time,
kentr@xxxxxxxxxxxxxx writes:
<< 5-day TRIN back to very pessimistic. Just in the last week and a half it's
gone from very negative to very positive to very negative. Needs Prozac.
A/D line continues downward on the NASDAQ whereas it appears to have
stabilized on the NYSE. The fact that the A/D line set a new low where the
index set only a slighty lower low has been interpreted by some as a
positive sign. Any thoughts? >>
Hello
I have tested the 5 day total, the 10 day. And even 15 day total, and could
NOT
find it useful in pointing bottoms or tops
in bear mkts it just became more oversold etc.
So
do not put any $ on that kind of forecast
and when ad line makes a new low, it may take as long as 9 month before
price
get to the new low
Best regards,
Ben
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