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To: Chip McVickar who wrote (4604)	11/14/2000 12:53:17 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 8925

I sense that is not intraday volume, but my pile of books is dropping to a manageable level so perhaps it's time to make out a Christmas list, thanks. I'd be more intrigued by the Cycle Trading. Oddly, you quote him as saying that is can be argued that Time could be replaced by Volume yet the title is about Cycle trading. I'd forgotten about TRIN being an indicator of Cash Volume, and therefore I imagine it could be a proxy for estimated volume in the pits. Funny how no one else came up with that observation either. I do not use TRIN, so it would not be something I would think of. Rather, I rely more on PREM and TIKI. When I used TRIN I tended to use it early in the day, now I do not trade as often; only two or three times a day tops on the SP, so the first hour is not necessary for me. Hmm, the judge must have decided, the SP just rocketed.

To: Chip McVickar who wrote (4604)	11/14/2000 6:27:51 PM
From: Ally	Read Replies (1) \| Respond to of 8925

"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." I like this one... thanks for sharing Chip..will be keeping an eye on how well it works. How about $TICK?? I know it's not volume, but in your experience, is it a useful leading indicator?

To: Chip McVickar who wrote (4604)	11/14/2000 11:39:55 PM
From: rmontieth	Read Replies (3) \| Respond to of 8925

Chip and Pat....... for what it is worth I enjoyed Richard Arms book "Trading Without Fear". I have read 2 other books of Mr. Arms regarding price and volume. His equivolume charts are interesting to look at because they are not your standard bar charts but reflect volume also. Unfortunately, the only source I know of to utilize Mr. Arms equivolume charts is Metastock software by Equis. When I first came across Teresa's web site I was hopeful she was aware of Mr. Arms work on price and volume but she said she was not aware of his work. I now know that Teresa has a firm command of the interaction of price and volume. I am very grateful to have found her work and guidance.