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To: The Freep who wrote (12048)4/16/2005 6:27:06 PM
From: Les H  Read Replies (1) | Respond to of 29596
 
Per the SPX and OEX, the TRIN is being distorted by the high volume in the drug/biotech stocks that comprise the advancing stocks. The ratio of number of issues advancing versus those declining has been 1 to 10 the last three days. The ratio of volumes (U/D) has been around 1 to 8, 1 to 6, and 1 to 5 over the same period. The U/D ratio has to be at least as severe as the A/D ratio for the TRIN to be above 1.