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To: BigBull who wrote (57200)12/21/1999 8:17:00 AM
From: Gary Burton  Read Replies (2) | Respond to of 95453
 
In the picture worth 1000 words category---If one has TC2000 charting software, go to T2104 (Cumulative Volume Index) and compare that graph to the NYSE Index--Just looking at the period since 1990, never before has there been such a glaring non-confirmation as now. CVI in fact looks like it may even soon break below its Oct low. Talk about volume leading price! The Bulls may dismiss the a/d line as misleading but this one is much harder to rationalize.CVI has confirmed price all the way-EXCEPT since the Oct/99 lows.hmmmm