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Sunday, 01/11/2004 10:46:16 AM

Sunday, January 11, 2004 10:46:16 AM

Post# of 8509
A little history lesson to show the power of Price/Volume charting.



Here is a Price/Volume chart beginning May 21, 2003 and ending June 25, 2003, also smmothed using 5 day moving averages. An almost perfect buy loop begins June 2, 2003, ends June 11, 2003 and is confirmed June 12 2003. This is a nice tight 8 point loop followed by a high volume and price breakout.

Compare this indicator to an ordinary line chart.

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Not so easy to see what is comming on an ordinary chart.


Best,
RAM

"There exists no problem that can withstand the assault of sustained thinking." -Voltaire, Philosophical Dictionary, 1764

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