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S&P 500
5,427.13
(
-2.31%
)
US TECH 100
18,416.40
(
-0.64%
)
Dow Jones
39,853.87
(
-1.25%
)
Brent Oil
80.38
(
-0.45%
)
Bitcoin
64,127.40
(
-1.91%
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tja1

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tja1

Re: 3respalm post# 19052

Friday, 02/24/2012 5:06:27 PM

Friday, February 24, 2012 5:06:27 PM

Post# of 46542
3resplam - It is called distribution. Kiy can explain better. TRIN is critical to understand. Primary data point, but not perfect. APPL/GOOG up today, rest of market down today = TRIN elevated but not to extremes. Without aforementioned, I would expect TRIN would have floated above 1.3 today. Have to always measure against something else. TICK/TRIN is the formula I like.

This looks like distribution near a top. Blow it off next week, pick up those last few short positions and then start feeding the JBTFD crowd on the way down.
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