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To: Crimson Ghost who wrote (109823)	6/22/2001 6:52:22 AM
From: robnhood	Read Replies (2) \| Respond to of 436258

It appears to me that there is not enough dough to go around for all sectors to move together. In order to jump into the flavour of the day one must sell something else. Perhaps this is causing those opposed readings.

To: Crimson Ghost who wrote (109823)	6/22/2001 10:58:16 AM
From: Mark Adams	Read Replies (1) \| Respond to of 436258

I'd read somewhere that VIX tends to decline about this time of the year, so it may be less reliable. Haven't done any checking to confirm.

To: Crimson Ghost who wrote (109823)	6/22/2001 4:38:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

George, i think you're right to be worried about this. one needs to look at the TICK readings accompanying this high TRIN too. we've had days with extremely high positive ticks lately...combined with a high TRIN, this is a sign that the big money is distributing to the small traders. and sure enough, whatever trader's chat sites one visits, everybody's long, BECAUSE of the high TRIN. besides, if one completely disregards the TRIN, and looks at price charts only, they sure show a weak market...the rallies are shallow, and given back immediately...one wonders why everybody's so sanguine? Crawford, Hays, Drakulich, even PRECHTER , all are looking UP, and so are presumably their subscribers. i was looking for a short term rally myself here, but my doubts sure are growing...it's really hard to find anybody who's bearish, in spite of the obvious total collapse in the tech sector's revenues and earnings (lately this has spread to other sectors too) and the constant barrage of economic news showing a continued drastic weakening of the macro environment. when this type of news background is combined with deep pessimism among market participants, one can normally assume that a bottom must be near. but that is simply NOT the case.