26 Oct 2011

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 This continues to march upwards.  TSV is getting high, but still not at historical highs.

 The sum of these daily moves are what makes the summation index.  So, you could almost say this is the derivative of it or it is the integral of this.  Either way, I don't expect many closes over that recent high which should does imply that the rate of increase likely won't go up much more in the summation index.  However, if this incrementally has bigger days than the negative days, then both will stay elevated. 

 This turned in favor of hold long a bit today.

This increased today in favor of hold long.  Getting quite overbought, but not at historical highs yet.