Chart of the Week: Arms Index
Arms Index 10 Day Moving Average (2 years)
As the two-year chart of the ARMS index shows, there have been several false signals since the bubble popped in 2000.
Source: Hays Advisory
The 10-day moving average of the TRIN over the 1.5 level was a reliable buy indicator prior to 2000. Since then, the TRIN has given several false signals. Use 1.7 as your new signal.
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Quote of the Day:
“It is not how right or how wrong you are that matters, but how much money you make when right and how little money you do not lose when wrong.”
-George Soros
Monday, March 15, 2004 | 01:09 PM | Permalink
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