Billy,

I can't recall you ever discussing volume in the context of these charts. Now I understand the 20DMF gives us a look at volume but it pays more attention to the size of that volume in a snapshot sort of way rather than as a sequence. (I think that's right.) Bob looks at volume - does it play an important part in your pivot methodology? Obviously, one of the reasons I'm bringing this up is yesterday's move was on low volume and many are pointing to that fact as indicative of a weakness in this potential rally's market structure.