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Strategies & Market Trends : News Links and Chart Links

SPXL 212.96

+0.3%

Nov 7 4:00 PM EST

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To: Les H who wrote (14548)	3/3/2007 3:45:42 PM
From: ajtj99	Read Replies (1) of 29594

Les, I have been checking your scans daily for about 6-years, and I have never seen a combination of TRINs that are so weird as the scans the past 2-days. The NDX TRIN's are in overbought territory even after this dump, but the A/D and U/D are oversold on the 10-day. I've checked the usual suspects like SIRI and SUNW and LVLT, but they do not seem to be impacting things too much here. The fact that the S&P 100 and S&P 500 TRIN's are also low makes me wonder if something else is going on here. What's your interpretation of these numbers? The Dow/NYSE numbers appear skewed by the computer trading on Tuesday, and the OTC numbers look reasonable. One way to look at this would be short covering at the close, I guess. However, another is this is going to drop much more than most are looking for here.

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