Tuesday, October 30, 2012 3:55:28 PM
Volume speaks VOLUMES...
...volume often leads price=BUT it doesn't have to...above average daily volume can be significant...A change in the OBV= crosses its moving average=IS significant...a candle on the "candleVolume charts" may give that candle a great deal more significance than the candle with average or less than average candleVolume...
SIGNIFICANT means you look where price is...= is it at a "significant price chart line" such as one of the Bollinger Bands...support/resistance...trend line...one of those grail moving averages...et al "price chart signal lines"...that You may want to take action from...bottom line=no volume=no follow through...
Enjoy...
Volume speaks VOLUMES...
...volume often leads price=BUT it doesn't have to...above average daily volume can be significant...A change in the OBV= crosses its moving average=IS significant...a candle on the "candleVolume charts" may give that candle a great deal more significance than the candle with average or less than average candleVolume...
SIGNIFICANT means you look where price is...= is it at a "significant price chart line" such as one of the Bollinger Bands...support/resistance...trend line...one of those grail moving averages...et al "price chart signal lines"...that You may want to take action from...bottom line=no volume=no follow through...
Enjoy...
Volume speaks VOLUMES...
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