Here's a bit of truth that you already know, but perhaps want someone else to say: the TRIN is made of four parts -- that make up two ratios into a larger ratio. a/b // c/d. A little algebra will gives you a/c // b/d. that leaves the initial (cited) value *unchanged.* *That* means that those two interpretations are both valid. [ a/b//c/d = a/c//b/d ] Play around with it. Get the *intuition* behind it..... AND THEN, ask: what of a climbing market, and a climbing TRIN?? (or, a sinking market and a sinking TRIN?) (Watch the market closely on these days and the ones that immediately follow. Canaries!) Just imagine that you are an institutional holder, and wish to move "a lot of stuff" on the market. Can you do it without showing your hand in the TRIN? Yowwwww-wie.
SPEAKING OF WHICH!!!!! SPX is down 2pts this morning, with the TRIN sitting at a way-bullish 0.64. WTF?!?!? VIX is sub10, VXST is nearly sub9.0!!! WTF?!?!? AND the volume is SQUAT. This is like preFED-Announcement sort-of stuff. Broad-broad-broad purchasing. We's poised to POP. Scary Scary Scary. (I'm heavy-on, at 2430...)
Hey tommcginnis, I wasn't following, I was fighting with TWS. bug after bug after bug after bug... I'll look into it after i finish
Today's TRIN is an incredibly high 1.83, with the (more important) moving average really jacking up. Today's SPX rise is *very* narrow, and when the buying in those advancers quits, the (monster-big) selling in the rest of the market is unplug us. (I fear.)
And today!!! Yowsa! Start out low, and go lower!! (Seeing this super-broad buying, I got out of today's short 2380s @ 9:41am. "Phew!")