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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call
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To: mishedlo who wrote (5016)3/6/2003 1:43:31 AM
From: LTK007  Read Replies (3) of 11447
 
Thread worked well on that 3.76 TRIN.
I thought if i threw it out on thread screaming 3.76---what does this mean!!!!??? We get some action:)
Combining the 6 plus 3 Trin charts via techie plus your info from Les H.
I have a much better handle on it now.
The underlying reason for this 2nd highest close on TRIN in 11years has moved from "gut feeling" bearish signal(not a day trade signal) to a near certainty it is a bear signal.
Looking at just the move to preferred stock screams smart money(the money managers for the very rich are the money managers for the very rich because they are "Smart Money":) and preferred stock is what goes into , in the main, fixed income(o my i am loaded) accounts.
One point i know from the "horses mouth" and i have stated before, information utilized by "Smart Money" is NOT shared with the public and the idea that there is an equality in who knows what is a just another major lie the public is told.
My friend who works in the realms of the very rich insists the primary function of the Street is to make the rich richer at the expense of the average investor.
One key element, imgkvvvho, in where the market is going is to try to find the footprints of SmartMoney, i feel we got a big footprint on 3/4. Max
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