|
PureBytes Links
Trading Reference Links
|
Hi,
I am not qualified but I will try. BobR is highly qualified.
I trust you understand what TRIN is: Arms Index or Trader's Index.
The chart is showing the TRIN of the CBOE puts and calls. The red line is
the call TRIN. I have reversed Bob's color scheme without his prior
knowledge or consent; in general green above 0.0 and rising with red below
0.0 and flat or declining is confirming a bullish OEX price move.
Naturally it only works when it does and fails when it does, but it catches
inflections during the day. It can help you to smack your head at the end of
the day and exclaim something impermissable.
It can confirm. It can diverge. It can be totally confusing to beginners
like me. It is always interesting.
Only the tongue in cheek part is tongue in cheek. I hope I have stimulated
your interest.
Michael: WL7BDN@xxxxxxxxxxxxx
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|