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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (28873)	3/4/2003 10:52:51 PM
From: Jorj X Mckie	Respond to of 30712

I think that the trin data as a standalone is not sufficient to come to any conclusion. It seems that it can be anticipating strong selling that leads to an intermediate bottom in a couple of days, or it can signal the start of a new downtrend or it can be a bottom signal itself. I am trying to locate tick date going back three years (HOD, LOD and close), but haven't found it yet. That will help me to form a conclusion. However, today's tick was by no means extreme. It suggests to me that today was a distribution day, not a capitulation day. This would indicate more downside. But again, I don't have all the information that I would like to form a solid conclusion.