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Re: Zeev Hed post# 83222

Wednesday, 03/05/2003 4:50:26 PM

Wednesday, March 05, 2003 4:50:26 PM

Post# of 704047
Zeev
From Les on SI
There was lot's of talk about high TRIN yesterday:
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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.
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Larry Dudash

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