Billy,

I'd like your take on something. In reviewing the action of $TICK in the last hour yesterday, it was positively sloped even though the SPY essentially traded flat during this time period. Would you treat this as a positive divergence in looking at how the next day's trading might play out, or does everything sort of "stop" when the particular trading day is over and $TICK analyses start afresh with the next day's trading? Is there a carryover effect?