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Was fooling around with the Speed Resistance Fan tool and was surprised to
see how closely the cumulative volume follows the SR lines. Starting at the
4th quarter 1998 lows we have a picture of peaking CV in the summer of '99
with lower highs since then. Another top in CV is in progress. At the
present we have the DOW sitting on a lower SR line with a downward sloping
McClellan Oscillator of volume. Odds would seem to imply a bounce here, but
the volume oscillator can get more oversold and that lower speed line on the
DOW can be broken. This is where Gitanshu's spread should pay off.
BR
Attachment Converted: "f:\eudora\attach\SRlines.gif"
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