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To: bcrafty who wrote (82698)	9/24/2003 3:06:37 PM
From: The Freep	Respond to of 209892

<<Bounce tomorrow?>> TRIN is high, but if this is a real five wave move building here off the top, then we are either in the 3 or finishing it. 2 was sharp (yesterday), so one wouldn't expect much bouncing if that's the read. That said, bears haven't put together two big days of selling since aught one, so who knows <g> the freep

To: bcrafty who wrote (82698)	9/24/2003 4:45:42 PM
From: Shack	Read Replies (2) \| Respond to of 209892

In general I would agree with you bc. Heavy volume, high TRIN is indeed 2/3 of the recipe for a bounce. However you need to look at the TICK as well. Very interesting that all day my hourly TICK readings were above -200. That actually means this thing was being held up if you can believe it. Not even remotely resembling short-term capitulation While it may mean a mild bounce, I am putting very little importance on the TRIN reading in light of the high TICK. This was by every measure a distribution day, not profit taking.