Subject: Re: Jim's bottom detector
Oddly, the short term bottom indicator I'm using did not signal today. (not 'my' indicator, but one I borrowed from someone else).
It has three parts: A VIX Momentum Oscillator, a TRIN 'price' oscillator, and a very short term moving average. When VIX or TRIN cross their signal lines they each add a value of '2'. The moving average crossing its signal line adds '1'. So a total of 5 is often a good short term bottom signal.
Today VIX and the moving average crossed their signal lines but the TRIN PO did not. In fact TRIN moved further away from its signal line. That surprised me.