Qs at noon (east coast) on 5 minute chart. Volume is thin but the action is decidedly positive and may run higher into the close. The TRIT has been running around .7 in a narrow band all day indicating solid positive momentum. For those unfamiliar with the TRIT, it is the ratio of the number of advancing NASDAQ listed stocks to the number of declining NASDQ listed stocks divided by the ratio of the volume of the advancing NASDAQ listed stocks to the volume of the declining NASDAQ listed stocks. At a value of 1.0 the market is in balance. A value below 1 indicates that more volume is moving into advancing stocks. Typically found as symbol $TRIT. I will look to go short if the TRIT breaks to or through 1.Monday, July 02, 2007
Qs at noon (east coast) on 5 minute chart. Volume is thin but the action is decidedly positive and may run higher into the close. The TRIT has been running around .7 in a narrow band all day indicating solid positive momentum. For those unfamiliar with the TRIT, it is the ratio of the number of advancing NASDAQ listed stocks to the number of declining NASDQ listed stocks divided by the ratio of the volume of the advancing NASDAQ listed stocks to the volume of the declining NASDAQ listed stocks. At a value of 1.0 the market is in balance. A value below 1 indicates that more volume is moving into advancing stocks. Typically found as symbol $TRIT. I will look to go short if the TRIT breaks to or through 1.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment