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About the Author

Richard Arms, a financial consultant to institutional investors and a private portfolio manager, is a noted expert in the field of technical and market analysis. Arms has created key technical tools for understanding market price movement, which are listed daily in the Wall Street Journal and included in a variety of market analysis software programs. His Equivolume charting system is now part of the most popular stock and futures software, and his Arms Index—also known as the Short-Term Trading Index or TRIN—has become one of the most important technical tools on Wall Street. Arms received the prestigious Market Technicians Award in 1995.