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Favors ... .... ... Oh,, I remember him.. he was right once .. maybe two
years ago or so? Oh well, back to the dart board. :))
Bob
At 12:46 PM 8/28/01 -0500, you wrote:
>Group:
>
>According to Favors; last week the 10-Day Trading Index rose to its second
>highest, most overbought reading of the last 10 years. Can someone please
>post the day that occurred?
>
>Based on the history he cites; I went back and noticed that sometimes the
>actual price of the S&P 500 bottomed earlier or later than these extreme
>readings. In this instance it looks like the market--using that
>measurement--will bottom after this extreme reading. During those
>occurrences the number of days the market bottomed later than the extreme
>TRIN readings were as follows:
>
>10/2/92: 5 days later
>4/15/93: 7 days later
>7/16/96: 6 days later
>9/30/98: 6 days later
>3/22/01: 9 days later
>
>Can someone please post the number of days we are into the above
>time table? Thanks.
>
>Chas
>
>
>
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