In late October of last year I was playing around with the $TRINQ and some moving averages and I found something that seemed very unusual. The $TRINQ 10 EMA was above 1 on the same day that the Nasdaq Comp closed at a three month high. I looked back to see what happened when this condition existed in the past. I found only three other days. Two of them occured in April 2006 (see chart) less then three weeks before the Nasdaq Comp started a 14% decline. I don't remember the third date but that one also occured just before the market rolled over. Based on that, I made a prediction in another message board that the market would soon roll over. It topped out two days later on Oct. 31.
The $TRINQ has been rising this last two weeks and on Tuesday, when the Nasdaq closed at a three month high the $TRINQ 10 EMA finished the day at 0.97. Close but no signal yet. I'll be watching this and hoping for another three month high in the Nasdaq.
Here's a link to the current chart.
http://stockcharts.com/h-sc/ui?s=$TRI...id=p29041143712
Apollo
