I track the TRIN, TRINQ, and the new VIX using hourly candles. They have been acting weird lately. During the 2003 bull market, they tracked well with the indexes. Now they are diverging compared to price action - look at yesterday's patterns:
stockcharts.com[w,a]ehclyiay[d30][pd20,2!b20!b50!b200!f][vc60][iut!lb5!la12,26,9!lh14,3!ll7][J19532212,Y]&listNum=75
stockcharts.com[w,a]ehclyiay[d30][pd20,2!b20!b50!b200!f][vc60][iut!lb5!la12,26,9!lh14,3!ll7][J19547375,Y]&listNum=75
stockcharts.com[w,a]ehclyiay[d30][pd20,2!b20!b50!b200!f][vc60][iut!lb5!la12,26,9!lh14,3!ll7][J19729595,Y]&listNum=75 |