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Strategies & Market Trends : News Links and Chart Links
SPXL 207.07-2.8%Nov 17 4:00 PM EST
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To: Jack of All Trades who wrote (13047)1/24/2006 9:47:14 PM
From: Les H  Read Replies (2) of 29596
 
I flag the occasion when the TRIN approaches 2.0 to indicate that the the index is very oversold. Friday's one-day TRIN for the Nasdaq-100 was 5.70. The bounce of the last two days has been accompanied by negative up/down volume, primarily because of Intel, Apple, Dell, Sun, and several other big caps. The Dow/NYSE and OTC TRINs are usually more useful or reliable than the smaller indices.
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