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.

arms_index_3.15.04.bmp
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.

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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

Category: Finance, Media

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