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Re: Skunkdoc post# 83516

Tuesday, 03/23/2010 5:14:32 PM

Tuesday, March 23, 2010 5:14:32 PM

Post# of 179253
Sorry, hope I didn't step on toes. I was just explaining my view of volume. I am not interested in any squeeze play and how it looks day to day. My point is declining volume is expected and actually very productive here for the chart pattern (that is what I know and do). Also, I wanted to add, that this declining volume is not a sign of coming weakness or collapse, on the contrary; it displays the strength of price in this consolidation and WILL expand greatly as this pattern breaks to the upside. To me, price IS everything and volume is helpful is only specific instances as a confirming factor - this is one of those instances in my methodology.

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