AI
Saturday, January 10, 2004 2:58:15 PM
I have smoothed the chart by using 5 day moving averages for both price and volume. You can see the clear clockwise rotation creating an almost perfect bullish loop 8 trading days ago. This type of loop often precedes a powerful and sustained move upwards.
For more info on Price/Volume charting:
http://www.trendmacro.com/a/goodman/keyIndicators/pvCharting.asp
Best,
RAM
"There exists no problem that can withstand the assault of sustained thinking." -Voltaire, Philosophical Dictionary, 1764
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