Train Guy, I think the problem with the Nasdaq TRIN is the amount of volume that is concentrated in a few of the biggest issues. Take MSFT, INTC, CSCO, SUNW, ORCL and a couple others, and you prob. account for half of the volume on the Nasdaq.
This, I think, is why the TRINQ is so flaky. Perhaps one should only use it to guage buying/selling pressure in the NDX.
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