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To: LPS5 who wrote (4160)2/26/2003 6:07:24 PM
From: mishedlo  Read Replies (2) | Respond to of 11447
 
LPS5 look at the TRIN and TRINQ.
They were selling all day today and more importantly all day yesterday.
Even in that huge ramp job yesterday the TRIN and TRINQ never dropped below 1 the entire day until right before the close.

Everyone was buying the close for the "gap up" today.
Guess what happened.

Watch the TRIN and TRINQ is you want to know if there really is any buying going on. Yesterday was a classic bull trap because there was no real buying (accumulation) only short covering.

TRINQ was horrid all day today as well.
M