That could be a problem for the Bears. I'm not doing any day trading shorts until they set me up. The volume isn't there and there's a target that we got within pennies of just below.
Remember, low arms on decline, bullish, high arms on a rally, bearish.
Mark
Low Arms
Started by
OEXCHAOS
, Jun 22 2007 09:27 AM
4 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 22 June 2007 - 09:27 AM
Mark S Young
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#2
airedale88
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Posted 22 June 2007 - 09:33 AM
mark, how does BX volume affect this?
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#3
zedor
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Posted 22 June 2007 - 09:34 AM
I have a reading of 1.2 how is that low ???That could be a problem for the Bears. I'm not doing any day trading shorts until they set me up. The volume isn't there and there's a target that we got within pennies of just below.
Remember, low arms on decline, bullish, high arms on a rally, bearish.
Mark
#4
Woody
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Posted 22 June 2007 - 09:35 AM
That could be a problem for the Bears. I'm not doing any day trading shorts until they set me up. The volume isn't there and there's a target that we got within pennies of just below.
Remember, low arms on decline, bullish, high arms on a rally, bearish.
Mark
Mark, to me TRIN can be very confusing, look at June 15, a low TRIN on a rally was bearish? I'm trying to apply te rules to the chart below but still dont follow....
http://stockcharts.com/c-sc/sc?s=$TRIN&p=10&yr=0&mn=1&dy=0&i=t10763572656&r=6605.png
#5
OEXCHAOS
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Mark S. Young
Posted 22 June 2007 - 09:47 AM
That could be a problem for the Bears. I'm not doing any day trading shorts until they set me up. The volume isn't there and there's a target that we got within pennies of just below.
Remember, low arms on decline, bullish, high arms on a rally, bearish.
Mark
Mark, to me TRIN can be very confusing, look at June 15, a low TRIN on a rally was bearish? I'm trying to apply te rules to the chart below but still dont follow....
http://stockcharts.com/c-sc/sc?s=$TRIN&p=10&yr=0&mn=1&dy=0&i=t10763572656&r=6605.png
It's really hard for me to see the relationship on the chart, but I've found that a high arms (>1) on a rally, implies distribution and thus look for a sell set up. A low arms (<0.90) on a decline and I'm going to be looking for a buy set up. You have to watch it intra-day. I find it especially helpful in the marning.
I see now that the ARMS has risen so we can get Bearish if we get a set up again.
Mark
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