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I have seen similiar ideas, Have you checked into what the daily cumulative
volume was at those times? and what was the 50 average volume?
This way we could get an idea of how today's volume compares to those
periods.. I will try to look at it this weekend. I would think cumulative
volume would have to get down to where it was at the last low before
anything happens, Also isn't the slow torture of a bear market now truely
upon this market? Ie the Slow grinding death down with spike up? I
couldn't believe how today's short covering lost steam, Trend is down..
imho,
don
----- Original Message -----
From: <hbernst963@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, August 31, 2001 11:57 AM
Subject: [RT] Interesting TRIN stat
> Some good things come from CNBC dept: A technical analyst mentioned today
that for just the 4th time in 25 years we have had two consecutive days of
daily TRIN readings over 2.0. I've just finished verifying the info and the
4 readings have occurred on August 4, 1982 (four days before that low), Oct
19, 1987 (need I say more), Mar. 12, 2001 (3 weeks before that low) and
yesterday.
>
> Food for thought.
>
> Howard Bernstein
>
>
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