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To: marginmike who wrote (31327)2/15/2002 12:40:05 PM
From: Petrol  Respond to of 209892
 
stockcharts.com



To: marginmike who wrote (31327)2/15/2002 12:41:35 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
Here's the in-depth explanation

stockcharts.com

In a nutshell, it measures selling/buying pressure, higher TRIN indicates more selling and lower more buying. It takes volume into account which I like.

In a bull market, extremely high TRIN is a good time to take a long position. But lately we are getting very high TRIN without any subsequent bounces. Bearish IMO.