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Bob,
Good work
<FONT face=Tahoma
size=2>-----Original Message-----From: BobR
[mailto:bobrabcd@xxxxxxxxxxxxx]Sent: Wednesday, April 10, 2002 6:32
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
Another Market ViewThe contrary in me wants to take
the opposite side of this view in the shortrun. The Trin5 as
popularized by a former cnbc guru is still worthfollowing as an extreme
condition indicator. Trin5 is a simple summation ofthe daily closing
TRIN. That is the yellow line at the top of the attachedCODIoex
chart. Trading lows occur when the Trin5 turns down from a
levelabove 6 and trading highs occur when it turns up from a level near
4. Thenif we shift down one subgraph we see prices are at a channel
low, althoughit is a downward sloping channel, we could see a move to the
center of thechannel. The next subgraph down shows a turn up in a
custom 5 day weightedprice momentum indicator. The very bottom
indicator shows a bullishdivergence in an end of day Chande Market Thrust
indicator. That iscomposed of
(ADV*UDV-DECL*DVOL)/(ADV*UVOL+DECL*DVOL). The CODInaz chartshows a
similar view with the addition of the CBOE normalizedCalls/(Calls+Puts)
ratio entering the buy zone below the green line. Thus,it looks from
this corner that the odds for an upside move have increasedrecently.
Price channels would be in a better configurartion if it were inmore of a
bottoming stage or sloping upward and price had just pulled backto the
lower side, so for now its a midchannel bounce in
sight.bobr----- Original Message -----From: "rjv"
<rjv@xxxxxxxxxx>To: "RealTraders"
<realtraders@xxxxxxxxxxxxxxx>Sent: Tuesday, April 09, 2002 8:45
PMSubject: [RT] Another Market View> There's been some talk
on RTs that they'll be a pop higher in the> market. That may be true,
but I think the bias is down; and there are> several reason I have for
this. Since my market opinion is based on> subjective interpretations
of charts, I'll keep these views to myself> for now. However, as I
browsed the Yahoo chat boards tonight I came> across an interesting
site of which I have no knowledge of the creator,> but the conclusions
make clear sense to me. The page is called the> Ricchio Report. Judging
by the counter at the bottom of the page, it> doesn't get much traffic.
If anyone is interested, they can navigate to> it via the following
link.>> <A
href="http://www.ricchioreport.com/";>http://www.ricchioreport.com/>To
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