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S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,706.40
(
-0.29%
)
Post# of 704019
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Zeev Hed

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Zeev Hed

Re: nancy2 post# 216084

Wednesday, 03/10/2004 5:17:29 PM

Wednesday, March 10, 2004 5:17:29 PM

Post# of 704019
I think the way I look at the trin is correct, when it is under 1, it simply indicates that "relatively" more volume was going into advancing issues, the selling pressure in the Naz was declining. Note also that a 5:1 ratio between advancing volume and declining volume (we had worse than that on the NYSE) is an extreme, we had 7.3 to 10:1 occurs near major bottoms, 7.3 to 1 is enough for an intermediary bounce, IMTO.

AZH

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