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.
Random Items:
Greenspan’s Cash and Carry
Who’s Next after Madrid?
The Secret Power Behind Top U.S. Firms: Index Funds
Mad cow effects ripple through food economy
Bull Run
Thinking the Unthinkable, 2.0
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
