uvcfool (31.59)

Open Trin (Eliades Trin) is ready to signal at least short term rally

February 25, 2009 – Comments (0) | RELATED TICKERS: SSO , BGU , UWM

When Open Trin fals below 1.25 (preferably below 1.5) and turns around, at least short term rallies lasting at least a week have occurred. Currently, it is 1.62 and forming double bottom which is even a better signal. Previous instances were in Nov 08, Oct 08, Mar 08; July, Nov 07; May 06; may 04; Feb, Mar, July 03; and July and Oct 2002. Some of these have led to stong intermediate rallies. Will be going long fully starting tomorrow.