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To: ajtj99 who wrote (12398)	7/29/2005 9:09:29 AM
From: Jack of All Trades	Respond to of 29595

Les/AJ, I read them as well and was wondering the same thing...

To: ajtj99 who wrote (12398)	7/29/2005 9:12:38 AM
From: Les H	Read Replies (4) \| Respond to of 29595

There's nothing new in turns of signals from the TRIN this week. It's somewhat ineffective at this point as in 2003. The major push for the market seems to be coming from the specialist buys to support the market per the Marketgauge data and from the Fed support with liquidity (with coupon passes to launch the market in May and to support the market in June, and later with large injections in both securities lending and TOMOs). With the NDAQ and QQQQ comprising much of the volume on the Nasdaq and the ETFs moving to the NYSE, I think the NYSE and Nasdaq TRINs may be losing the ability to track the OB/OS effectively. TRIN, A/D, and U/D for Thursday Jul 28, 2005 _ 5d TRIN 10d TRIN 10d A/D 10d U/D 21d A/D 21d U/D DJIA/NYSE 1.05 1.07 1.26 1.14 1.29 1.22 OTC 0.95 0.93 1.16 1.28 1.17 1.40 S&P 500 1.18 1.12 1.18 1.12 1.24 1.24 S&P 100 1.09 1.15 1.09 0.96 1.22 1.14 NASDAQ 100 1.02 1.00 1.08 1.20 1.17 1.38 NYSE Advance/Decline ratio stockcharts.com. Nasdaq Advance/Decline ratio stockcharts.com. TRIN overbought <= 0.75 oversold >= 1.50 Adv/Dec ratio overbought >= 1.25 oversold <= 0.75 Up/Dn vol ratio overbought >= 1.25 oversold <= 0.75 Note: the above TRINs use an exponential average of daily TRIN values. below, I've provided the normal TRINs that use a regular moving avg. _ 5d TRIN 10d TRIN DJIA/NYSE 1.04 1.15 OTC 1.04 0.96 S&P 500 1.18 1.15 S&P 100 1.22 1.29 NASDAQ 100 1.10 1.04