TRIN Gone Horribly Wrong!
TRIN Gone Horribly Wrong!
UPDATE 9:53am EDT: Right at the open I get smacked with this TOS alert:
That is either a glitch or the strongest intra-day TRIN we’ve seen for years. The highest previous reading was on September 8th, 2008. I’m going to check on my other platforms as well – can you guys do the same on yours?
UPDATE 10:13am EDT: The market this morning with Bernanke and Geithner at the helm:
UPDATE 10:17pm EST: Ladies and leeches – the way I’m looking at this we’re pushing dangerously close to the Wednesday highs. God possibilities we are already in Minor 3 of Intermediate (A) of Primary {2}. Judging by Friday evening’s P/C ratio a lot of bear balls got squeezed like lemons this morning.
UPDATE 10:48am EDT: I know big Tim already posted this but I implore you to read this Rolling Stone article. It also brought up the fact that there are no more repos happening since the end of 08 – the Fed is basically providing massive liquidity behind the scenes.
