A guess is all it would be.If you had to guess that is?
And a chance for me to look stupid.
As to TRIN...
Here's a historical chart of TRIN during the 2001 decline.
But remember that this only shows the closing tick and misses the whole day's action.
From Sentimentrader:
GUIDELINES:
We have found that the TRIN is most effective when giving counter-trend signals - for example, overbought in the context of a longer-term downtrend, or oversold within an uptrend. Like most contrary indicators, oversold readings during a declining market can continue to become more oversold as the trend persists.
Generally, however, readings which exceed one of the green or red bands on the chart (1 and 2 standard deviations from the recent mean) can be considered extreme and indicate that the trend may be becoming exhausted.
http://stockcharts.com/c-sc/sc?s=$TRIN&p=D&st=2001-06-02&en=2002-01-02&i=p34158860554&a=112504042&r=3648.png
Edited by Rogerdodger, 21 July 2007 - 06:50 PM.