Wednesday, September 4, 2013
TRIN Arms Index Daily Chart
The TRIN prints a couple days in a row of uber low numbers signaling over-the-top bullishness. It does not take much to move markets in this thin holiday-type volume. The low TRIN's are now begging for a reversal move higher for the TRIN to relieve the uber bullish euphoric pressure. Market tops are shown as red circles and market bottoms as green circles. The TRIN may drop and print another low tomorrow, which would correspond to markets rallying strongly, however, the odds favor a move higher for the TRIN again. The market moves occur at the circles or a day or two later. So markets may rally tomorrow but either tomorrow, or Friday, or Monday, higher TRIN's are needed and this will correspond to market selling. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.