tag:blogger.com,1999:blog-6257833846586402358.post6281137808674155132..comments2024-02-20T03:16:11.543-05:00Comments on Charts etc.: Are we there yet?Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6257833846586402358.post-59543770316290569952014-01-28T12:57:52.758-05:002014-01-28T12:57:52.758-05:00I used to use TRIN as a solid intraday indicator f...I used to use TRIN as a solid intraday indicator for reaching oversold levels (or on an overnight basis if it closed above 3 or 4), but I have scrapped it as it seems to have become borderline useless more recently. I'm sure part of this can be attributed to being in a raging bull market where major selloffs are very rare, but I suspect that the majority is actually due to the rampant influx of bond and volatility ETFs (those with negative, or very low correlation to the market) as well as all of the leveraged and inverse ETFs...basically that even when most common stocks may be down on the day there is a huge pocket of these other listed products that will be up, thus muting the effect of the TRIN. It takes a massive move just to get it to hit over 2.0 nowadays, whereas previously moves over 3 or 4 were perhaps not common but at least not unheard of as they are now. Any thoughts about this?Anonymoushttps://www.blogger.com/profile/16379970456370858752noreply@blogger.com