There is upward breadth of this market which indicates a current underlying strength that the averages are not reflecting. This coupled with a dropping and low TICK and an increasing and high TRIN would indicate to me that a rebound may be on its way. I do not know much on how to use TICK and TRIN as real-time market indicators, so can someone help with understand what their current values are indicating?
Here are the readings every hour since 10:00 AM EST:
TICK 387, 296, 237, 157, -549
TRIN .64, .85, .93, .98, 1.23
A/D at 2:00 PM EST:
NYSE: 1889, 991
NASDAQ: 2529, 1533
Any comments?
Bob Graham |
