Dave... just take a look at Trin for yourself... don't trust me Example... Great Low on 10/9/02 of 7215.39 Trin recorded at 1.01... Over the proceeding 48 days there were 12 + 2.00s... one reading of 3.46
Sure there was a cluster of 3 +2.00s in the prior 9 days, But that happened 5 different times over the proceeding 78 days.
During that period the DOW droped 1,543 points in 45 days and 2,346 in 78 days
Trin measures internal strength... It's not a very accurate trend reversal or entry timing forecaster... JMO....FWTW...etc, etc
Technology Stocks & Market Talk With Don Wolanchuk | Stock Discussion ForumsShare