Contents

Market Views
+ SP500 - Divergence in Sector Performance
+ Emerging Markets Outlook
+ Outlook for Crude Oil

Techniques
+ Volume - The Voice of the Market
+ The Predictive Power of Weekly Fund Flows
+ The ARMS Index
+ Trading Variations in Double Tops and Double Bottoms

Interview
+ Julian McCree, Erste Bank

Research Update

Books
+ The Encyclopedia of Candlestick Charts
+ Top Ten Books

Automated Trading Systems
+ Overview of Today's Algorithms

Training Diary