I don't know if you have ever heard of the TRIN before? A man named Richard Arms developed it many years ago. It is basically an indicator that publishes the ratio between up volume buying and down volume selling. A ratio above 1 is typically bearish, while a ratio below 1 is bullish. Today, when the market is down 200+ points the "TRIN" ratio is .63. This may be due to the GE activity going on today. The GE CFO was on TV this morning going over the specifics of their balance sheet. There is a whole lot of volume either covering short positions or buying long value today on GE. My theory is that this"up" GE volume is influencing the TRIN to the bullish side of the ratio. It is possible we could see this market rally a tiny bit off it's lows into the close on the back of GE...so watch GE stock today as I think the market tries to go where it goes.
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