Friday 20 April 2007
Emini Daily Update: Exhaustion Day
The Emini closed up 12.75 points at 1,493.00 on Friday. Finally, an exhaustion signal today. The Trading Index Oscillator peaked at +250 on Thursday, the highest reading since 2001. Then on Friday the Oscillator turned down and gave a TRIN Exhaustion short signal ('TrinX S' label on the chart).
These exhaustion signals don't happen all that often, from 9 to 12 times each year. But when they do they can be quite profitable. The average trade makes around 16 points; winning trades average 27 points. The chart below shows the TradeStation performance report.
You can read more about the Trading Index TRIN indicator here.
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