Chart of the Week: 10 Day Moving Average of TRIN/Arms Index

Monday, May 03, 2004 | 04:40 PM

The Arms Index measures how much volume is going into the advancing versus declining stocks. Low TRIN readings suggest an overbought tape where as high readings suggest an oversold tape.

10 Day Moving Average of TRIN/Arms Index

Source: Redwood Technimentals Research

The tape was recently overbought and has quite a ways to go before it hits oversold levels again. If you look at the present reading (blue circle) as it compares to two of the more recent oversold lows (red arrows) March 2003 low March 2004 low, the recent test of DOW 10,000. This suggests the market has some more work to do.

Random Items:
Joy and worry in domain of 'Oracle of Omaha'
Empire in denial
On The Contrary: Pay Taxes. Be Happy.
Sell the rumor, buy the news
Iran fears sharp drop in oil prices
What can't you find on Google? Vital statistics*

Quote of the Day
“The years teach much which the days never know.”
-Ralph Waldo Emerson

Monday, May 03, 2004 | 04:40 PM | Permalink | Comments (0) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Chart of the Week: 10 Day Moving Average of TRIN/Arms Index:


The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™