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Re: DoubleJackie post# 625

Sunday, 03/03/2019 6:28:24 PM

Sunday, March 03, 2019 6:28:24 PM

Post# of 646
Price volume movement....

Longer term I believe it pays to note what volumes are doing with price moves...are days with higher volume more prone to be + for the PPS or -?

You can chart it using OBV, short for On Balance Volume.

The idea is that a move on bigger volume is more significant than a move with comparatively smaller volume. For example, if the PPS jumps from $1.75 to $1.80 on volume of 4 million and then goes down from $1.80 to $1.70 but on volume of just 2 million....the move up is said to have double the weight of the move down.

Of course a lot of retail investors focus more on the PPS than on the volumes being traded.

If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.