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SMART  In a normal market, the TRIN will show a scale between 0.7
MONEY  and 1.3. In extreme situations, the indicator may move from
       0.3 on days of sharp highs to 4 on days of sharp lows.

    Why do we need the TRIN indicator if we can see market patterns and
guess fairly clearly where the TRIN is? Very simple: Because the TRIN
allows examining two main variables:

	1.	 Points of extremity. The points of extremity for the TRIN are higher
   than 1.4 for a falling market, and lower than 0.6 in a rising market.
   The meaning of the TRIN reaching these extremes usually shows an
   extreme market. Let’s say that the market is rising quickly and the
   TRIN shows a reading of less than 0.6. This indicates that the market
   is about to reverse and return downward. By contrast, when the TRIN
   shows a reading above 1.4, it means that the market is exhausted on the
   downside and is about to reverse upward.

	2.	 The TRIN trend. When the TRIN shows a reading of 0.7 (a rising
   market), and continues to rise continuously for approximately 30
   minutes toward a reading of 1, there is a reasonable chance that it will
   continue the trend (as you remember, we learned that the trend is our
   best friend) and cross a reading of 1 into territory that represents a
   downtrend. This means that the number of buyers is lessening and the
   number of sellers growing. In other words, the market may reverse its
   uptrend and switch to trending down.

TRIN Behavior in Five-Minute Candles
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