Zeev From Les on SI There was lot's of talk about high TRIN yesterday: ................................................... To:Larry Dudash who wrote (28870) From: Les Horowitz Wednesday, Mar 5, 2003 2:02 PM View Replies (2) / Respond to of 28905
One-day TRIN was distorted by the NYSE A/D ratio which was only 1-to-2. A lot of preferreds and bond cef's were up. Check the new highs list. Stocks only TRIN was 1.18 for Nasdaq 100, 1.05 for S&P 100, and 0.82 for S&P 500. The latter TRIN for S&P 500 is only very short-term bullish. ........................................................