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Re: TRIN - useless
Market internal tools work in phases. The TRINQ was a tool traders used before... now I think its pretty useless. The TRIN worked wonders last year. We have been very rangebound this year so the TRIN is not the greatest market internal tool to rely on. I wouldnt say that it is completely useless.. you just need to find something that is in sync with price.
I used to rely alot on the TRIN. But starting this year I actually removed it off my main charts. I do watch the PC Ratio though.. its a great indicator to give you a heads up. The TICK's are still very reliable in my opinion also. If TRIN doesnt work, stick with the PC Ratio and TICK's. If none of them work... well you always have price and volume.
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James Lee
TradersLaboratory.com
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