Have inverse ETFs made internals like $TRIN $add $vold obsolete?

Discussion in 'ETFs' started by ggreggerh, Jan 12, 2009.

  1. Have inverse ETFs made internals like $TRIN $add $vold obsolete? A guy named shadowtrader (who is a contributing member on elitetrader) mentioned this in a video that he made.

    Here is the video: http://www.shadowtrader.net/videos/bonus_internals_08.html and he discusses why from 2:55 through 3:55.

    He says in the video that he stopped using the $TRIN because "too many inverse ETFs with volume flowing into them makes the TRIN seem more bullish than it really is".

    What I don't understand is wouldn't that same reason make the other two internals that he was using (NYSE Adv Issues - Dec Issues) and (NYSE Uvol - Dvol) also be heavily affected?

    Just trying to understand.

    Thanks for your replies.