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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (11679)	4/23/2002 12:14:11 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

TRIN Report: A Comparison Today 4/22/02 Vs. 9/21/01 Bottom The market is doing what it did going into the 9/21 low. This time it is putting in a higher low. More than a few stocks are equating the high TRIN levels. To give you an idea the type of message the TRIN is sending consider this: The first five trading days after 9/11 the 5 day closing TRIN average was 0.98. If we include the 5 days before 9/11 the 10 day closing TRIN was 1.2. Today, the last 5 and 10 trading days closing TRIN was higher than the September 01. 5 day closing TRIN average is 1.11 and the 10 day closing TRIN average is 1.36. TRIN Summarized as follows: 5 day TRIN Avg 9/17/01 - 9/21/01 0.98 4/16/02 - 4/22/02 1.11 10 day TRIN Avg 9/04/01 - 9/21/01 1.20 4/09/02 - 4/22/02 1.36 I was wrong in thinking we would go up into April 24. I now believe we are putting in a major higher low off THE LOW in September 01' sometime before the end of April is out. We are gona launch out of this hole and head to SPX 1,205 by the end of May. Best Regards, J.T.