Lee, we are not forgetting about you. Obviously I liked your question so much I turned it into a sticky note. ;) Let's just leave it there as a magnet for information. It will come. It's percolating just beneath the surface right now. I can feel it.
I know you use volume as a leading indicator. While there are moments when I can psyche out what's happening with volume as a clue, I have found it notoriously unreliable--especially when analyzing the larger market. So many times I've seen analysts pointing out the low volume as a reason for going short just prior to a breakout to the upside. So then, what did that information buy but a lot of trouble?
Now I know you're using volume on 5-minute charts. Different situation to some extent.
My method is holistic--meaning I put everything I know in a pile and then view it in a highly integrated way. Will be explaining how I do this later in detail.
When I put every detail together (the practical, knowable stuff) along with an integrated combination of the iffy clues, this is what is most predictive for me when analyzing the larger market.
In truth, however, I'm not so interested in predictions. I just want to know what I ought to own and what I ought to sell. Then I need a good strategy for easing into what I want to buy and getting out of what I need to sell. Buy/sell strategy is a whole separate subject--and we'll get to that weeks from now. First, I want to demonstrate how to track and trace the market.
Ted
Strip price to the barest data that tells us BUY, HOLD, or SELL.
