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To: Les H who wrote (581)	9/2/2001 12:57:27 PM
From: Les H	Read Replies (1) \| Respond to of 29595

Quality of earnings nytimes.com Homebuilders nytimes.com How to tell if your company is likely to beat earnings news.cnet.com

To: Les H who wrote (581)	9/2/2001 2:23:53 PM
From: Les H	Read Replies (1) \| Respond to of 29595

explanation for TRIN and open TRIN: The TRIN, as displayed on the chart linked in the prior post, is the regular TRIN. The 10-day advance/decline ratio and 10-day up/down volume ratio are used to compute the open TRIN by dividing the A/D ratio by the U/D ratio. The open TRIN recently went well above the peak at the March trough. This would normally be bullish, except that the 10-day A/D ratio was mildly overbought. The Open TRIN is currently 1.17. The Open TRIN at the March trough was 1.30, and the corresponding A/D and U/D ratios were 0.59 and 0.46, respectively. 0.59 and 0.46 is rounded to two places on the display. The calculation of the Open TRIN uses the actual results.