Here's how to recognize the setup before a market moves out of a short-term consolidation. 

18 Calculating historical volatility 

21 The S&P 500 Seasonal 
Day Trade 
by William Brower, C.T.A. 
Is there a particular day of the week within a month that offers the most opportunity? Here's a trading system based on the best days of the week for trading S&P 500 futures. 

30 Pacific Stock Exchange Technology Index 
by Jerome M. Lederman, Eng.Sc.D. 
This options investor examines the performance of this index compared with other market indices. 

33 The exchanges and indices 

48 The Market Facilitation Index 
by Thom Hartle 
Volume is used to analyze the power behind a trend. Here's a method to connect volume and price movement to quantify price activity. 

50 MFI indicators 

58 On the Intuitive Trader: 
Robert Koppel 
by Thom Hartle 
How did a philosopher turned floor trader end up as writing? S&C talked to author and trader Koppel, discussing how traders see their own versions of reality and the importance of developing a trading plan. 

66 Capturing the edge 

68 Your trading performance 

70 Beat the Market with Cyclicals 
by Paul and Carole Huebotter 
"The new Dow strategy" outlined here picks a 10-stock portfolio to outperform both the Dow 30 and the well-known Dow dividend strategy. 

77 Treasury Bond Yields and the S&P 500 
by Mark Vakkur, M.D.
Test trading rules for the market based on a six-month moving average of the 30-year Treasury bond yield.

Excalibur, version 2.01, page 42 
Windows on WallStreet Pro, version 4.0.3, page 83 
P/E CD-Rom, page 94 
Wall Street Quest, version 1.1, page 102 

Opening Position 
Letters to S&C 
Traders' Tips 
Futures Liquidity 
Trade News & Products 
Traders' Glossary 
Advertisers' Index 
Editorial Resource Index 
Market Place 
Classified Advertising
Novice Traders' Notebook 

Cover art: Bob Schuchman
Cover Concept: Bob Schuchman/Christine Morrison