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You put enough lines up there and it is bound to follow one of them. Ira
BobR wrote:
> 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
>
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> SRlines.gif Type: GIF Image (image/gif)
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