true and yet I do not use any non-price based indicators such as volume or options implied volatility for short-term trading decisions... the larger picture of course should include the all-important market breadth indicators such as: (1) Advance-Decline Issues/Volume: <A HREF="http://stockcharts.com/candleglance?$NYAD,$NYHL,$NAAD,$NAHL,$AMAD,$AMHL" target="_new">http://stockcharts.com/candleglance?$NYAD,$NYHL,$NAAD,$NAHL,$AMAD,$AMHL</A> (2) McLellan Summation Indices (based on Advance/Decline data): <A HREF="http://stockcharts.com/education/Resources/Glossary/McClellanSumIndex.html" target="_new">http://stockcharts.com/education/Resources/Glossary/McClellanSumIndex.html</A> <A HREF="http://stockcharts.com/charts/indices/McSumNYSE.html" target="_new">http://stockcharts.com/charts/indices/McSumNYSE.html</A> <A HREF="http://stockcharts.com/charts/indices/McSumNASD.html" target="_new">http://stockcharts.com/charts/indices/McSumNASD.html</A> (3) Bullish Percentages: <A HREF="http://stockcharts.com/candleglance?$BPNYA,$BPCOMPQ,$BPOEX,$BPNDX,$BPSPX,$BPINDU,$BPDISC,$BPSTAP,$BP.." target="_new">http://stockcharts.com/candleglance?$BPNYA,$BPCOMPQ,$BPOEX,$BPNDX,$BPSPX,$BPINDU,$BPDISC,$BPSTAP,$BP...</A>.