Replies to post #5429 on Profunds index and sector trading (PRO)

[sallen]

that's they nyse trin though. nas trin at .35 right now with the nas up 8 points.

[positiontrader]

Warp,

The intraday Trin at CBOE web site I last saw was at .58.

Regards

Marc

[was Steve]

close on highs signal hit for ndx in last half hour.

[kanuti]

II have been backtesting all day trying to figure this out. Best I can come up with is we are in late 1999/early 2000 mania again. <g> There has also been a few other similarities in the 80's and 90's though. Seems like my indicators are not useful at this point. Might just throw in the towel on this play, have not made a final decision yet. You might just be right on you down Monday idea.

[hk2]

The TRIN is currently sitting at 1.36, which is downright freaky.

Usually at the top of uptrends you will see TRIN in the 0.40 - 0.60 range. Readings higher than 1.2 are usually associated with trend bottoms. Although in such cases as local bottoms, I would typically look for closing TRIN over 1.7 to signal such a bottom is near.

When I say that the current 1.36 is "freaky", I would without looking have thought the TRIN, after all of these up days, would have been much lower.

Distribution?