There is a interesting surge in trin towards 1 which denotes that we are in a distribution phase. Rising trin in a rising market indicates normally a distribution phase an indication of overbought levels. As the market is trending higher during a rising trin which in turn indicates that more volume is moving into declining stocks.
Be cautious with longs as we are probably reaching the top in few trading session.
If you are trading longs then trade light. Weakness will come only below 5050
2 comments
dear raj
good explanation, till now i donot no much abt TRIN but you explanation have enlightned me. Could you givn me a ling which gives good understanding of TRIN.
M.Sri Mahidar
Trend is Friend.
Here you can check how to read trin TRIN
http://www.marketcalls.in/2009/06/how-trader-should-view-trin-readings.html
Past observations on TRIN
http://www.marketcalls.in/search?q=trin
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