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To: wsringeorgia who wrote (45231)	12/7/2000 8:07:01 PM
From: pater tenebrarum	Respond to of 436258

you are entirely correct. however, when TRIN shoots to very high levels for an extended period, it is a sign that the market is oversold and due for a bounce. TRIN is a sort of money flow indicator...as its formula incorporates both a/d and a/d volume. same goes for TICK, which simply measures the difference between up/down-tick trades. generally for the NYSE, it is considered short term oversold from -800 to lower. it is most useful though for intra-day divergences, e.g. when an intra-day low is revisited on a smaller negative TICK than the first low, it is often an indication that the low will hold. interestingly, the NYSE had negative TICK readings virtually every day from late Oct. '99 to early '00. nevertheless, the market rallied. note: as with all t/a indicators/oscillators, bull and bear markets require slightly different interpretations when it comes to overbought/oversold readings. bulls can stay technically overbought for long periods, and vice versa.