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To: mishedlo who wrote (197973)10/16/2002 5:49:40 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
The Color Commentator weighs in on the mixmaster-style volatility in the markets (From Mark-to-Market on www.capitalstool.com):

capitalstool.com

The Color Commentator was distrustful of the market action:

“Yesterday super low TRIN levels. Today high TRIN levels. The TRIN Shuffle. We see this again and again, one day working off the next day as players swarm from one table to the next, bets get quickly pulled, drunken heat moves out into lounge to catch an act, a grope, a brief respite from the fury and mania. Sky high TRIN levels today could very well receive low TRIN reading tomorrow. Extremely low TRIN yesterday being worked off today. Mutual gamers will be locking and loading for another round of buying soon. Looks like they are heat mapping the TRIN as only predictive indicator for wild Himalayan style trading approach. In the event of a maniacal event or tuna melt either direction, Sherpa guides are usually the first to be cut loose and either pushed over precipitous drops thousands of feet into the abyss below or trampled along path in mad rush to be first to place flag at the top.”

“No, the Market is truly now a gambling den functioning for the sole purpose of providing action day to day on a strictly short term basis. The biggest player at the table who is tilting the green velvet PreMarket about 3 times a week now is Uncle Al, the lounge lizard decked out in the shiny green sequined shark skin suit. He is by far the highest roller in this whole seedy underground world of addicts, losers and compulsives.”