[CANSLIM] Panic attack ...

From: Ian <ianstm@shaw.ca>
Subject: [CANSLIM] Panic attack ...
Date: Tue, 22 Jan 2002 10:32:49 -0800

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Here's a very interesting recent quote from Peter Eliades of Stock Market Cycles: "At the end of todays trading, we noticed that the lowest single day TRIN reading over the past 10 trading days was 1.143. That seemed unusual to us, so we asked the computer to look back over the past 61 years (since 1940) to find out how many other 10 day periods had transpired without one single day reading below 1.14. We were stunned at the answer! The answer is none."

The 10 day ARMS index (TRIN) got up to 1.5 again last week. It used to have huge historical significance in indicating that a major bottom was to be put in within 20 trading days. It has now happened 4 times in the past year alone.

I don't pretend to know what it means, but there certainly has been a considerable amount of panic over the last 2 weeks.

Ian


PS - Here is a quick overview of the ARMS index that someone asked for: http://www.equis.com/free/taaz/armsindex.html

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<DIV><FONT size=2>Here's a very interesting recent quote from Peter Eliades of 
Stock Market Cycles: "At the end of todays trading, we noticed that the lowest 
single day TRIN reading over the past 10 trading days was 1.143. That seemed 
unusual to us, so we asked the computer to look back over the past 61 years 
(since 1940) to find out how many other 10 day periods had transpired without 
one single day reading below 1.14. We were stunned at the answer! The answer is 
none."</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>The 10 day ARMS index (TRIN) got up to 1.5 again last week. It 
used to have huge historical significance in indicating that a major bottom was 
to be put in within 20 trading days. It has now happened 4 times in the past 
year alone.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>I don't pretend to know what it means, but there certainly has 
been a considerable amount of panic over the last 2 weeks.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>Ian</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>PS - Here is a quick overview of the ARMS index that someone 
asked for: <A 
href="http://www.equis.com/free/taaz/armsindex.html">http://www.equis.com/free/taaz/armsindex.html</A></FONT><FONT 
face=Arial size=2></DIV></FONT></BODY></HTML>

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