Advance/Decline and PIGSHIT!

The Advance/Decline volume was amazing on Friday….just look at that number…-124:1. You don’t see that very often And the TRIN got up pretty high also: 13.53 at the close, it was even higher during the day. Take a look at this chart.

Now the TRIN I take with a grain of salt. It does not seem to be as accurate since the advent of reverse ETFs. But, according to the book The Arms Index, a TRIN close over 2.0 results in a bounce the next day 9 times out of 10. No bounce? Markets are in trouble. My gut says we’re in trouble.

The newest acronym I found this weekend? the PIGSHIT economies – Portugal, Italy, Greece, Spain, Hungary, Ireland, Turkey. Now, doesn’t that say it all!