$TRIN reaching 5.0 today 5/7/10

Discussion in 'Trading' started by Bolimomo, May 7, 2010.

  1. Today $TRIN reached 5.0 - corresponding to the morning sell off at around 10:30 am EDT.

    $TRIN above 3.0 is considered very bearish and is rare. Even at yesterday's sell off $TRIN was only 3.0. I don't recall seeing $TRIN being 5.0 though I may have missed some.

    For those of you who may not know, $TRIN (Arms Index) is the ratio between advancing issues and declining issues on NYSE divided by the volume. Normal range for a normal day is 0.7 to 1.5 or so.


    (My chart is on Pacific time)