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To: Henry J Costanzo who wrote (93106)3/11/2004 4:14:07 PM
From: ajtj99  Read Replies (2) | Respond to of 209892
 
5-Day TRIN is 10.77. That's the highest I recall in over a year.



To: Henry J Costanzo who wrote (93106)3/13/2004 12:52:40 AM
From: Area51  Respond to of 209892
 
According to this link it (TRIN > 2 for 3 consecutive days) is bullish
leavittbrothers.com

The longer term indication given by the TRIN is associated with consistantly high readings. More specifically, if the TRIN closes above 2.0 for 3 consecutive days, history says the market will move up. That doesn't mean it will rally hard; it just means over time, a reading that high for 3 days has resulted in a very solid bounce. .... Again, this indicator rarely presents itself...maybe once or twice/year. But when it does, its accuracy is dead on.