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Chart of the Week: Arms Index

Posted By Barry Ritholtz On March 15, 2004 @ 1:09 pm In Finance,Media | Comments Disabled

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 [1]

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 [2]
Who’s Next after Madrid? [3]
The Secret Power Behind Top U.S. Firms: Index Funds [4]
Mad cow effects ripple through food economy [5]
Bull Run [6]
Thinking the Unthinkable, 2.0 [7]

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 [8]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2004/03/chart-of-the-week-arms-index/

URLs in this post:

[1] Hays Advisory: http://www.haysmarketfocus.com/index.cfm?menuitemid=154&menusubid=28

[2] Greenspan’s Cash and Carry: http://slate.msn.com/id/2097084/

[3] Who’s Next after Madrid?: http://www.debka.com/article.php?aid=804

[4] The Secret Power Behind Top U.S. Firms: Index Funds: http://www.thestreet.com/funds/supermodels/10147933.html

[5] Mad cow effects ripple through food economy: http://www.csmonitor.com/2004/0312/p02s01-usec.html

[6] Bull Run: http://www.tnr.com/doc.mhtml?pt=zMLgJ7RKsMszX4yNtH542T%3D%3D

[7] Thinking the Unthinkable, 2.0: http://www.americanoutlook.org/index.cfm?fuseaction=ao_issue_toc&id=Fall2003

[8] George Soros: http://www.soros.org/

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