Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

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.