An alternative embodimentenables theguidefence to alsoindexwith the swingarms, therebyincreasing the structuralstabilityof the swingarms when they are positionedasstops.
Some of you may be familiar with what is referred to on most quote systems as the TRIN but should really be called the ARMSIndex after its creator, Dick Arms.
The market internals were some of the worst I have ever seen, with the ArmsIndex (TRIN) closing at 4.64, while the number of new lows jumped sharply to 441 from just 86 on Monday.