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To: Patrick Slevin who wrote (4554)	11/14/2000 7:38:24 AM
From: avanti77	Read Replies (2) \| Respond to of 8925

Good morning Patrick, I've got a question that I thought you might know the answer to. If the $ weakens, what would you consider the next best currency safe haven? TIA (and good to see you posting), Donna

To: Patrick Slevin who wrote (4554)	11/14/2000 8:54:53 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 8925

Hiya Patrick.. nice to see you here... i have no idea about volume on the S*P's, how ever MikeW and Teresa do always mention the bids... some time it's a divergence..eh? hope your well...are you trading???

To: Patrick Slevin who wrote (4554)	11/14/2000 12:21:20 PM
From: Chip McVickar	Read Replies (3) \| Respond to of 8925

Patrick, On your seeking information about Volume....! Al Gietzen "Advanced Cycle Trading" Irwin Publishers 1995 He did a remarkable amount of work on Volume and very well matched to the S&P, futures and commodities. He's a mathematician and this volume is full of calculations and studies on price, time and volume. Here's an Excerpt: Quote - page 55: "Some qualitative concepts about volume are actually misleading. The idea that "real moves are accompanied by high volume" is popular, but generally that high volume is likely to occur in about the last half of the price move and may be highest toward the end. This is not an effective trading tool." "It can be argued that volume should replace the time variable; that is, it's not a question of how much time went by during the certain movement of price, but rather how many contracts, or shares, were traded." "You can also examine the cycle behavior in terms of the trading volume between cycle bottoms...." "Trading volume is also useful as a component in estimating the money flow into and out of commodity markets." He presents several mathematical formulas and indicators developed around; price, volume, and open interest. page 64: John Herrick of Herrick Investor Tutoring developed something called the Money Flow. An attempt to measure the flow of money in and out of a given market. The formula is included in Gietzen book. page 76: Trin or Arms Index uses ratios of adv/decl volume and issues. Quote: "The Trin is best used as an indicator of intra-day strength. A value of 1.0 is neutral with the lower values as bullish and higher values as bearish. A value...0.75 or less indicates strength -- 1.20 or higher indicates weakness. A value of about 0.5 or less after the first hour of trading gives a high probability of a strong continuing rally for that day." Finally; "Trading Without Fear" Richard W. Arms Wiley Publishing 1996 Richard Arms known for his (Arms) or Trin Index recently carried out a series of studies on this very same subject as Gietzen. This noted work presents his work with volume and a new indicator he called Equivolume Charting and another indicator called Volume Adjusted Moving Averages. In this volume he also provides the mathematical formulas