Bobby, the trin today was really at an extreme, it almost got me to jump back in, however, the tic did not cooperate and I decided that the selling is not climactic, but rather a prelude to additional selling. Did you notice the trin yesterday, for a long time it was under .3, but there too, the tic did not cooperate, so I bailed out of trading positions when it became apparent that 2575 will not hold on a closing basis. It was quite tough too read the market yesterday, since the SOX gave such bullish reading, scaring the bear juice out of my turnips (G), but they came through in the afternoon, with another call long before the close, "run for the hills". (VBG).
Zeev |
