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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (37660)3/28/1998 12:43:00 AM
From: Art C.  Read Replies (2) of 58727
 
Patrick--all the TRIN does is give you a possible indication of where the contemporary market is heading. If it's below 100 it just means that there is more volume in the stocks that are going up than the stocks that are going down. It ain't worth a hoot unless you use it with the other indicators such as the direction of the TICK, and current trends. The damn Fed. killed the market today by taking no action on interest rates. In fact I thought it was a pretty weird day. I can't find any bargains anywhere. The stocks that should be going down are going up and vice-versa. I can't understand why a stock with a PE of 94 goes up when a stock with good fundamentals and a PE of 15 goes down. Got a crystal ball?

Art
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